Can this 700 dollars of BNB be held? Brothers, let's talk about something substantial.

As we see BNB hovering around 710, it has dropped nearly 5% in a day, and this round number of 700 dollars now seems as fragile as paper. Looking at the market, it has even touched 707, just a step away from a critical point. To be honest, this position is crucial—if it breaks, people's confidence will scatter.

The current situation is quite delicate.

You see, the 24-hour trading volume is still 267 million USD, which indicates that while some are fleeing, others are buying in. However, the trend indeed looks grim, with a 21% drop on the weekly chart and a similar figure on the monthly chart; this is not a minor issue.

The technical indicators, like MACD and DIF, are all hovering below the zero axis, with green bars (actually negative) getting longer one after another. In plain terms, it means the momentum of the decline hasn’t run its course yet.

What does 700 dollars really mean?

For large investors, this is a psychological barrier. Many institutions have their stop-loss orders placed around here, and if it breaks, it will trigger a chain reaction.

For us small investors, if it breaks 700, the mentality can easily collapse—"If BNB can fall this much, what’s the point of holding other coins?"

On the other hand, Binance certainly wouldn’t want to see its prized asset drop below such a critical level. The exchange holds cards; whether to pump or not is another story, but at least there is motivation to support it.