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Syed-Shahmeer
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Syed-Shahmeer
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$BNB ⚠️📉 BNB has fallen through the 200-day SMA again, and this time it’s spending the most time under it compared to the first two breakdowns, showing persistent weakness. Price staying below such a key long-term level adds pressure and keeps structure in a fragile state. There’s a relevant ecosystem update where BNB hit $858 on a 7.7% surge driven by institutional demand and heightened on-chain activity, signaling that despite technical pullbacks, institutional participation and network activity are still strong fundamentals behind BNB, this flows into sentiment and can support buyers if structure flips back up 🔄 So technically BNB needs to reclaim and hold above the 200-day SMA to neutralize bearish pressure. Until that happens, the chart remains in a consolidative/bearish phase, even though fundamentals show pockets of demand and ecosystem strength. #BTC #ETH #Crypto #Trading #BNB #Altcoins
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$BNB ⚠️📉 BNB has fallen through the 200-day SMA again, and this time it’s spending the most time under it compared to the first two breakdowns, showing persistent weakness. Price staying below such a key long-term level adds pressure and keeps structure in a fragile state. There’s a relevant ecosystem update where BNB hit $858 on a 7.7% surge driven by institutional demand and heightened on-chain activity, signaling that despite technical pullbacks, institutional participation and network activity are still strong fundamentals behind BNB, this flows into sentiment and can support buyers if structure flips back up 🔄 So technically BNB needs to reclaim and hold above the 200-day SMA to neutralize bearish pressure. Until that happens, the chart remains in a consolidative/bearish phase, even though fundamentals show pockets of demand and ecosystem strength. #BTC #ETH #Crypto #Trading #BNB #Altcoins
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