Binance Suspends RUNE Deposits and Withdrawals for Essential Upgrade
- Suspension Schedule: Binance will suspend THORChain (RUNE) deposits and withdrawals starting January 22, 2025, at 8:00 p.m. UTC for an estimated 2 to 8 hours to facilitate crucial network infrastructure upgrades, ensuring user fund security and enhancing network performance.
- Trading Continues: While deposit and withdrawal functions are paused, RUNE spot trading will proceed unaffected, a strategy that not only allows market activity to continue but also ensures user trading flexibility and market liquidity during the maintenance period.
- User Action Recommendations: Users should complete all pending deposits and withdrawals before the suspension and verify their transaction history to avoid any issues during the upgrade, a measure aimed at reducing user anxiety due to service interruptions.
- Industry Standard Practice: This suspension aligns with standard industry practices for supporting blockchain network upgrades, showcasing Binance's leadership in the cryptocurrency exchange space through transparent communication and systematic maintenance arrangements, ensuring users receive adequate information and support during necessary downtimes.
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Technical Analysis for BNB
Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
BNB (BNB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 265.994 | 418.027 | 556.784 | 708.817 | 847.574 | 999.607 | 1138.364 |
| Fibonacci | 418.027 | 529.109 | 597.735 | 708.817 | 819.899 | 888.525 | 999.607 |
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