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Technical analysis by SoftQuant about Symbol BNB: Buy recommendation (12/7/2024)

https://sahmeto.com/message/3038061
SoftQuant
SoftQuant
Rank: 30881
1.2

is BNB the next TRX

Buy
Price at Publish Time:
$739.82
Buy،Technical،SoftQuant

Tron has been a major overperformer with catching a niche in the growing stablecoin market. While BNB has been losing market share both in its chain and with its exchange.. BNB does still look strong. It does still share an ongoing fractal with TRX. It does look like relative to its weaker performance itll grow. I suspect TRX will pull BNB into a breakout of highs. Whether itll lead to gains as great as TRX Im not sure. Im not sure if BNB is the best risk reward but I do think BNB could follow TRX soon with not much relative to market risk.

Source Message: TradingView
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