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Binance Temporarily Halts Deposits from 10 Networks: Assessing the Fate of BNB After Breaking Through Ascending Support Line

Binance has temporarily suspended deposits from 10 networks, including POLS-BSC, ACH-BSC, and BIFI-FTM. The behavior of Binance's native cryptocurrency, Smart Chain, has been bearish for six weeks, and its recent failure to secure bullish momentum may lead to further price weakness. However, some on-chain data suggests that buying pressure is slowly building up, and the 200-day moving average may act as the next support range for the $300 price level. The outcome is still subject to general market conditions, but investor consensus expectations have been rising for the past seven days, indicating bullish expectations.

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