Technical analysis by ayaz3437 about Symbol BNB: Buy recommendation (12/20/2023)

Binance reached a settlement with the CFTC in the ongoing case. With this news, BNB needs to be followed closely, the partial bull we are experiencing has not yet delivered what was expected due to negative news flows. I think he will have the wind at his back with the news of this agreement. With the bowl handle formation already forming, there is not much resistance up to the $ 300 level. As the most used, trusted and largest exchange that has always pioneered the sector, it has no inflationary pressure on it with its continuous and regular token burn. I think BNB token will return to its old days again. I think the $300 target is a reasonable target in the short term.