JJJCycles said that the BNB price increase, despite the negative Binance news is extremely bullish. He stated that:
While the SEC files a lawsuit against Kraken, Binance coin is moving higher. Currently testing the downtrendline. Break out in the short term here tells you everything you need to know. This market wants to go higher rather than lower.
MacroCRG has a bullish outlook for BNB, suggesting that the altcoin will catch up to its peers. He stated that:
We gonna get some volatile news flow surrounding Binance short term, so I’d be careful leverage trading $BNB But if the case gets settled soon, all the insolvency FUD is dispelled + Binance are fully in the clear… I can see a rapid $BNB repricing to the upside as it makes up for lost ground against its peers
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