$BNB just printed a 1.2% daily range. That kind of quiet rarely lasts.
Last 24h: $693.40 low, $702.00 high, last trade around $697.6 (+0.4%). Spot volume about $38M, roughly a third of the ~$115M daily average over the past two weeks. Yesterday was even tighter: $693.0 to $697.5.
Context matters here. The Oct 29 flush took price from ~$760 down to $680 on the heaviest volume of the month, and since then BNB has been boxed between two clear levels:
• $680: the floor, wicked into on Oct 29 and again on Nov 3 (low $680.74)
• $720–723: the ceiling, rejected on Nov 3–4
Price now sits almost dead center, down about 2% on the week. Trend from the October high is still lower highs, so bulls need a reclaim of $723 on real volume to change the story. A daily close under $680 would open the door to a retest of the late-October flush zone.
Weekend volume compression usually resolves once fuller liquidity comes back. My plan is simple: no bias inside the box, react at the edges.
Which side breaks first for BNB, $680 or $723?
Not financial advice.
#BNB #CryptoTrading #TechnicalAnalysis
Last 24h: $693.40 low, $702.00 high, last trade around $697.6 (+0.4%). Spot volume about $38M, roughly a third of the ~$115M daily average over the past two weeks. Yesterday was even tighter: $693.0 to $697.5.
Context matters here. The Oct 29 flush took price from ~$760 down to $680 on the heaviest volume of the month, and since then BNB has been boxed between two clear levels:
• $680: the floor, wicked into on Oct 29 and again on Nov 3 (low $680.74)
• $720–723: the ceiling, rejected on Nov 3–4
Price now sits almost dead center, down about 2% on the week. Trend from the October high is still lower highs, so bulls need a reclaim of $723 on real volume to change the story. A daily close under $680 would open the door to a retest of the late-October flush zone.
Weekend volume compression usually resolves once fuller liquidity comes back. My plan is simple: no bias inside the box, react at the edges.
Which side breaks first for BNB, $680 or $723?
Not financial advice.
#BNB #CryptoTrading #TechnicalAnalysis
