BNBUSDT could reach $300 again?
The weekly chart suggests a classic distribution scenario according to the logic of Wyckoff Market Cycle.
After an expansion phase that culminated in the UTAD (Upthrust After Distribution), the price began to show a loss of buying strength.
The recent Signs of Weakness (SOW) indicate that institutional supply has begun to dominate the flow, pushing the asset out of the main structure.
In the short term, a technical pullback to the average range area can be observed, a common movement after a break in structure.
This return tends to occur with low buying volume, characterizing just a breath within a larger downward flow.
If this structural reading remains valid, the market may only be at the beginning of a markdown phase, where liquidity below the structure becomes the main target.
In this scenario, broader projections point to regions close to $300, where new zones of institutional interest could arise.
In summary:
the market shows clear signs of mature distribution, possible technical retests in the short term, but with a structural bias still pressured downward in the coming months.
$BNB
The weekly chart suggests a classic distribution scenario according to the logic of Wyckoff Market Cycle.
After an expansion phase that culminated in the UTAD (Upthrust After Distribution), the price began to show a loss of buying strength.
The recent Signs of Weakness (SOW) indicate that institutional supply has begun to dominate the flow, pushing the asset out of the main structure.
In the short term, a technical pullback to the average range area can be observed, a common movement after a break in structure.
This return tends to occur with low buying volume, characterizing just a breath within a larger downward flow.
If this structural reading remains valid, the market may only be at the beginning of a markdown phase, where liquidity below the structure becomes the main target.
In this scenario, broader projections point to regions close to $300, where new zones of institutional interest could arise.
In summary:
the market shows clear signs of mature distribution, possible technical retests in the short term, but with a structural bias still pressured downward in the coming months.
$BNB