Centralized exchange tokens have once again captured attention, spurred by the rapid surge of Bitget Token (BGB), which jumped by 335% in the last 30 days. This has led to increased interest in other tokens like Binance Coin (BNB) and OKB, both showing growth prospects.
CEX Market Overview
Centralized exchange (CEX) tokens are back in the spotlight of the cryptocurrency community. The leader has been Bitget Token (BGB), which increased by 335% over the month, sparking interest in other CEX tokens such as Binance Coin (BNB) and OKB, which are forming key breakout moments on their charts.
Binance Coin (BNB) Shows Growth
Binance Coin (BNB) is showing signs of growth thanks to a classic 'cup and handle' formation on its chart. A breakout from this formation could signal a sustained uptrend. BNB is currently retesting the breakout zone near $693.88. If this level holds, the token could target the $794 resistance level.
OKB and its Potential
The OKB token also shows growth potential, following a similar 'cup and handle' formation. OKB is now testing the breakout level around $50.43. If this level is maintained, the price could reach the resistance at $64.26, representing a 27% increase from the current price of $49.79.
The current optimism around centralized exchange tokens is largely driven by BGB’s impressive performance. With supportive technical breakouts, both BNB and OKB may continue to see growth, solidifying their market positions.
