<ul><li>Binance Coin&#39;s tepid response to the Greenfield Mainnet launch suggests investor caution amid a lack of bullish sentiment.</li><li>The H4 market structure for BNB has turned bearish, with key support levels at $205 and $204 attracting trader attention.</li><li>Despite anticipation, BNB&#39;s price remains stagnant post-mainnet launch, emphasizing the need for cautious optimism.</li></ul>The market&#39;s response to the highly anticipated <a href="https://www.bnbchain.org/en/blog/bnb-chains-greenfield-mainnet-launch-marks-new-era-for-web3-data" rel="noopener noreferrer nofollow">launch</a> of the Greenfield Mainnet on Binance Coin&#39;s [BNB] Chain ecosystem has been underwhelming. Significantly, this unveiling came after an intensive six-month development period. However, instead of a bullish surge, the BNB token, integral for governance and gas, seemed unresponsive.A recent dive highlighted <a href="https://cryptotale.org/?s&#61;BNB%27s" rel="noopener noreferrer nofollow">BNB&#39;s</a> stagnant behavior over the past six weeks. While occasional spurts of activity did occur, the overall trend remained elusive. Consequently, market enthusiasts don&#39;t foresee a change in momentum this week.Aside from the general ambiguity, BNB&#39;s H4 market structure has shifted bearish. Just a day before this discovery, the higher low of $211.4 recorded on Tuesday, October 17, was breached. Moreover, bearish winds are picking up, with BNB logging a lower high at $213.9 and the RSI moving around 55.Hence, the shift towards a bearish outlook is clear. Additionally, <a href="https://cryptotale.org/?s&#61;market" rel="noopener noreferrer nofollow">market</a> watchers peg the H4 bullish order block at $205 and the range low at $204 as potential support buffers. A revisit to this territory could signal a lucrative buying window. BNB is trading at <a href="https://coinmarketcap.com/currencies/bnb/" rel="noopener noreferrer nofollow">$210.78</a> and is down 1.14% in the last 24 hoursRead full article at<a href="https://cryptotale.org/binance-coins-lackluster-reaction-to-greenfield-mainnet-launch/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Binance Coin's Lackluster Reaction to Greenfield Mainnet Launch

CryptoTale

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