What’s the bullish case for BNB as token initiates recovery?

• Binance has announced a string of developments in a bid for global expansion

• BNB is recovering amid positive development

• The upside looks sustainable, but BNB faces resistance at $300

Binance BNB/USD trades at $291, recovering from the September bottom of $260. As of press time, BNB had gained 2.12% in a day amid small recoveries in the broader crypto sector. The gains come when Binance is scoring major wins in global expansion.

On September 28, Binance signed an agreement with Kazakhstan for the shared development of the crypto sector in the country. According to Kazakhstan president Kassym-Jomart Tokayev, Binance will create a “hub for the entire region.” The latest development comes af