Yigit Taha OZTURK 
A major development has made waves in the crypto world! Binance has secured a massive $2 billion investment from MGX, an Abu Dhabi-based artificial intelligence and technology investor. This deal marks Binance‘s first institutional investment and stands out as the largest crypto-focused investment financed with stablecoins.
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Following the investment news, BNB rebounded strongly from the $507 support level, climbing up to the downward Fair Value Gap (FVG) zone. However, it has currently faced rejection from this resistance area. If the price manages to hold above this resistance zone, the first target will be the $630 level. Breaking above this level could bring the upper resistance of the rising trendline into focus.
On the other hand, if another rejection occurs from the resistance and selling pressure increases, a break below the $507 support level could lead to a further pullback towards $470.
With the MGX investment, Binance’s strengthened position may support positive price action in BNB over the medium to long term. However, it is crucial for investors to closely monitor price movements at these key levels.
In conclusion, closing above $630 could lead to further upside potential, while a drop below $507 may trigger a new bearish wave.
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