Here's the Analysis of #BNB :

#BNB is been consolidating between the major support zone of $209 - $220 and Resistance Area of $253 - $262. Small Channel pattern we can see where price went too major resistance again. Its waiting time for the #BNB. Short sells at major residence possible.

#BNB Analysis :

#BNB floating over the major support zone of $199.70 - $210.00 and price also creating the liquidity lower too $203.40. Also, price is been nearly to the resistance line and creating the bear flag, which can push the price back down till support zone. Not setups until it break either side of the mentioned areas.

#BNB Analysis :

#BNB is been cleared out all the liquidity from the major support zone and moved up $199 - $205 and kinda rejecting from the Strong Resistance Zone of $226 - $230 . Well if we see in the broader view, its a long range and have to break through it. The Strcutural support is at $217, where a bounce is expected.

#BNB still unable to break above the strong resistance zone and giving the multiple rejection from the area. Well, We can expect some volume by tomorrow Market Open. If price breaks below the support $221 support area then we can go with short-selling.

What Is a Mainnet Swap?

Mainnet swap is the migration of a cryptocurrency project from a third-party blockchain network, such as Ethereum, to its native blockchain network.

A third-party blockchain network is used when a cryptocurrency project is in its testnet phase. But once it moves from the testnet phase to the mainnet phase, users receive native cryptocurrency in exchange for their third-party tokens. That’s why it is also called token migration or token swap. At its core, the mainnet swap is the exchange of third-party tokens with the platform’s native cryptocurrency.

Better Understand Mainnet Swap

Since 2017, ELF has been held as an Ethereum based #ERC-20 token. After spending considerable time testing the security and reliability of its platform, they announced the mainnet swap on September 9, 2021. Typically, the mainnet swap follows a 1:1 ratio. Once it is completed on the entire blockchain, the remaining tokens are burned.

Another example of a mainnet swap is #BNB (Binance Coin). When Binance Chain was in its testnet phase, it was using the Ethereum based ERC-20 BNB token. However, after the mainnet launch, #ERC-20 BNB token holders were encouraged to migrate to the BEP2 BNB coin (the native coin of Binance). This swap occurred at a 1:1 ratio, meaning 1 #BEP2 #0000000d BNB coin equaled 1 ERC-20 #BNB.

When Does Mainnet Swap Occur?

Typically, a mainnet swap occurs when a cryptocurrency project moves from one blockchain to another or migrates its tokens from a third-party blockchain to its native chain. However, the mainnet swap isn’t associated exclusively with new blockchains. A project may announce it if it decides to move from one protocol to another. One example would be the migration of tokens from Bitcoin-based protocol to Ethereum network.

When it comes to the specifics of a mainnet swap’s execution, it varies from project to project. The majority of projects give a deadline to users for the migration of tokens. Failing to do so means you will end up losing access to your tokens as they’re usually burned after the given deadline.

How Is the Swap Done?

Depending on the main features of execution, users can either manually swap their tokens or leave them to the platform. For example, Binance allowed users to leave their previously issued tokens on their accounts, so the platform could automatically swap their tokens with native tokens.

#BNB Analysis :

#BNB strongly shooting with the market momentum and Nearly reached the major resistance zone of $504 - $514. Price expected to reach the level and pullback too. Once price retraced, buy can come from the support or newly formed support area.

#BNB just normally flipped above the Resistance zone with a Daily TF closure. In H4 TF price Rejecting the zone as support and open the potential gates for moving up. The next major resistance zone to look at will be $662 - $676 but there're minor one at $570. Take the zone and accordingly with proper risk.

#BNB perfectly moving up from the support zone, irrespective of the market movement and moved around 6% in favor. Keep the stops moving with the moved. Remember $562 - $571, is the minor resistance area.

#BNB falling off due to certain market condition/ corrections and before that it moved around 23.7% in profits and i hope you secured with the moving market conditions. Currently, price is correcting itself and hopefully we can expect it to get it around support zone again.

#SOL Flipped the #BNB Market Cap 📈📈

Here's the Analysis of #BNB :

#BNB is been trending below the major resistance area of $662 - $676 following the small channel pattern. Price again on the verge to break it and long are favorable once a break and close happens.

#BNB broke the small channel pattern and is now trading above it. Price entered the major resistance area, and a break above this will bring some good upward rally. Open long once the price closes above $676 level.

#BNB ANALYSIS :

#BNB gave some new #ATH with the Dominance reduced in the market. The Price took strong support area/ rejection area from the $750 area and might take another move for new All Time High.

Check our Old Analysis on #BNB

#BNB had a very good move to the new All Time Highs, crossing over $1000 mark for the very 1st time. Rejection gave a good trade making a 33% in profits. Now no resistance looking left, just buy the retracement and target new highs. $933 area and below is the ideal area for buys.

#BNB in Top 3

Here's the Analysis of #BNB :

#BNB following its downtrend channel pattern for long time after printing it new ATH. Price gave a shallow break of the channel but expected to fell lower towards the trendline as support. Accumulation looks good here and $660 area too.

#BNB Analysis:

#BNB has slipped below the major support area and is now moving sideways. A support zone has formed around $581 to $589, where the price has been hovering. A close below this level would present a good short-selling opportunity, targeting the next major support at $504 to $510.

#BNB Analysis:

#BNB is facing a consolidation range and struggling to break above the $662–$676 level, which has also formed a strong support area. Normally, consolidation is positive for a major coin, as it can be an early indication of a huge rally. A breakout will determine the direction of the move; set alerts on the range ends.

#BNB is finally trying to break out of the resistance area. Be alert for a candle closing over the zone. Longs will become highly probable after that, but in case of rejection, take shorts.

#BNB Analysis:

#BNB has been making some sweet higher highs lately, following the uptrend channel pattern. Within that, the price is creating a small wedge pattern which, once broken, will lead to the next upward move.