Out of BTC, ETH, SOL, BNB, XRP, STRK and HYPE, only ONE is green on the day: $BNB .
It's up 0.75% in 24h to $700.28 while the rest bleed (HYPE -2.4%, STRK -5.5%). Zoom out and it's still -2% on the week, sitting right between the 7d high of $723.42 and the low of $680.74.
So: would you put $500 into BNB at this level, or is it too late (or too early)?
The case for: relative strength on a red Sunday often shows who the market trusts. Since the Nov 5 drop it has mostly closed in a tight $690-700 box, and it just pushed back to $700.
The case against: it's a weak bounce on thin volume. 24h turnover is about $36.7M vs a 7-day average of ~$80.7M per day. Low-volume weekend moves get faded all the time, and $710-720 rejected price hard on Nov 4-5.
Buy here, wait for $690, or pass? Tell me below 👇
Not financial advice.
#BNB #CryptoTrading #Altcoins
It's up 0.75% in 24h to $700.28 while the rest bleed (HYPE -2.4%, STRK -5.5%). Zoom out and it's still -2% on the week, sitting right between the 7d high of $723.42 and the low of $680.74.
So: would you put $500 into BNB at this level, or is it too late (or too early)?
The case for: relative strength on a red Sunday often shows who the market trusts. Since the Nov 5 drop it has mostly closed in a tight $690-700 box, and it just pushed back to $700.
The case against: it's a weak bounce on thin volume. 24h turnover is about $36.7M vs a 7-day average of ~$80.7M per day. Low-volume weekend moves get faded all the time, and $710-720 rejected price hard on Nov 4-5.
Buy here, wait for $690, or pass? Tell me below 👇
Not financial advice.
#BNB #CryptoTrading #Altcoins
