This Is What Happened to Binance Coin, and You Won’t Believe CZ’s Reaction!

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🔥 Binance Coin’s price is having a bit of a meltdown as the entire crypto party is experiencing a hangover. BNB is lounging below $700, in what we lovingly call the “Permabear Club”. Bitcoin also decided to take a nap below the $100K mark. Amidst all this, Binance founder CZ keeps flaunting BNB as the go-to for long-term dedication, pumping up our optimism for its future, though it feels a bit like asking us to believe in unicorns. 🦄

CZ’s Cheeky Remarks: BNB Is Here for the Long Haul

Our crypto hero, Changpeng “CZ” Zhao, recently played the pep talk game, drawing parallels between holding Binance Coin (BNB) and Bitcoin. He passionately exclaimed that nobody has lost money holding onto BNB or Bitcoin for more than four years. 🕰️

True, he did mumble that it doesn’t promise future wins, but his confidence added a dash of hope to BNB’s long-term flame. 🔥

BNB recently grappled with the $661 support level, bouncing up and down like a kid on a trampoline. This yo-yo action suggests it might rally bulls, making it the crypto world’s space shuttle. 🚀

Historically, when an asset uses an old resistance as new support, it often hints at muscle power in its price movements. So, keep your eyes peeled. 👀

The entire crypto circus is in suspense, waiting to see if BNB will stick around above this magic number. If it does, we might be in for a treat that aligns deliciously with CZ’s optimistic musings. 🍿

I do not know anyone who lost money on bitcoin (or BNB) by holding for 4+ years.
(not that this guarantees anything about the future.)
— CZ BNB (@cz_binance) January 22, 2025

Binance Coin’s Wild Predictions

As of today, BNB is slouching at $652.76, shedding a modest 2%. But take heart, crypto fans—the asset is tracing out a classic cup and handle pattern, which is basically the crypto world’s bat signal. 🦇 This pattern often marks out a path to greener pastures.

The “cup” that started in 2021 looks as dull as a long family road trip, while the “handle,” completed late 2024, is a brief dip into teenage rebellion before possibly roaring upward. Traders are crossing fingers and toes for a surge past the resistance line. 🎢

At the moment, BNB is tiptoeing around the $661 support level – a make-or-break line that previously put up a fight. 🥋

If BNB stumbles below this level, we might see a tumble towards the buy zone – a cozy spot for rebounding gamblers. 🎲 If it stays above, it’s game on for the bulls and a ticket to the moon.

The potential breakout target price dances around $1,147, a sweet 69.98% jump. This magic number is derived by eyeballing the depth of the cup and guesstimating upwards. 📈

BNB’s current moves echo CZ’s confidence in its luminous future. Holding the crucial support could light a rocket under its price, and a breakout might just launch it towards the $1,147 galaxy. 🚀

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2025-01-27 20:05