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*Quick analysis of BNB/USDT - current price 671.77 USDT*
*Technical situation:*
The price is compressed under resistance at 685-700 USDT. This area has rejected the price 3 times. A break above 685 with volume opens the way to 720-750. Failure to break will bring it back to 655 then 640.
*Momentum:*
Down -3.31% weekly, but holding strong above 670. The market is waiting for a directional break. BTC is the main driver; if it breaks 110k, BNB will likely follow.
*Fundamental factors:*
Positive: Quarterly BNB burn is ongoing, and BNB Chain controls 40% of small stablecoin transfers.
$BNB
#Write2Earn #Web3 #BinanceSquareTalks #BinaneSquare
*Quick analysis of BNB/USDT - current price 671.77 USDT*
*Technical situation:*
The price is compressed under resistance at 685-700 USDT. This area has rejected the price 3 times. A break above 685 with volume opens the way to 720-750. Failure to break will bring it back to 655 then 640.
*Momentum:*
Down -3.31% weekly, but holding strong above 670. The market is waiting for a directional break. BTC is the main driver; if it breaks 110k, BNB will likely follow.
*Fundamental factors:*
Positive: Quarterly BNB burn is ongoing, and BNB Chain controls 40% of small stablecoin transfers.
$BNB
#Write2Earn #Web3 #BinanceSquareTalks #BinaneSquare