BNB Reclaims $1,300 Again as Binance Japan Partners with PayPay
Binance Coin [BNB] is trading near $1,314 after testing the $1,300 resistance zone multiple times. This follows a significant partnership between Binance Japan and PayPay Corporation, aiming to integrate PayPay's cashless payment system with Binance's blockchain technology.
- PayPay has acquired a 40% stake in Binance Japan.
- BNB has surged 30% since early October, adding roughly $43 billion in market capitalization.
- Optimism is high due to hints of new products from Binance's Chief Customer Officer Yi He.
- Bollinger Bands suggest potential overbought conditions for BNB, with possible pullback to $1,250 support.
- MACD shows bullish crossover, indicating potential for further rally toward $1,350 or $1,500.
BNB price chart with RSI and Bollinger Bands | Source: TradingView
If the current momentum holds, BNB could see further gains, but caution is advised due to signs of overheating.