BNB investors remain optimistic about the upcoming Binance IEO

• Binance Coin investors are waiting to hear the details about the next IEO. 
• The last Binance IEO took place in April. 
• Some experts are speculating that the next IEO will be a DeFi project. 

In July, Changpeng Zhao, the CEO of Binance, said that the Binance Launchpad team was reviewing some cryptocurrency projects to select one as the next IEO platform. Since then, Binance Coin (BNB) investors have been waiting to hear from the team to provide further details. 

Since CZ’s announcement in July, some investors have taken to Twitter to remind the Binance team of their promise to announce the next crowdfunding event’s details. 

Some enthusiasts are speculating that the upcoming Binance Launchpad IEO will be a DeFi project. This theory has come to light because of the current DeFi boom and the recent announcement of the Binance Chain being integrated with ChainLink.

BNB/USD daily chart

BNB/USD faced bearish correction after three consecutive bullish days, having gone down from $23.26 to $22.98. The price is hugging the upper curve of the 20-day Bollinger Band, struggling to break above it. The RSI is currently trending in the overbought zone, showing that BNB/USD may face more bearish correction.

BNB/USD faces strong resistance at $23.45 and $23.97. On the downside, we have healthy support at $22.42 and $21.65.