Key Notes

Binance Wallet banned 600 user accounts for bot trading on Binance Alpha during last week’s market crash.

BNB price dropped to $1,070 before rebounding to $1,120 within hours of the announcement.

Technical charts show resistance at $1,350 as BNB price looks to form a potential triple top structure.

Binance Wallet, the custody service arm of the world’s largest cryptocurrency exchange, announced the closure of 600 user accounts on Sunday, citing fraudulent use of automated trading tools during the recent market turbulence.

BNB price plunged to intraday lows of $1,070 within an hour of the post, before rebounding to $1,120.

Technical indicators on the BNB/USDT daily chart highlight the $1,350 level as a key resistance to watch in the week ahead.

Binance Wallet Bans 600 Accou

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