🔥 BNB BREAKS THROUGH OS US$ 720 — THE MOVE CAUGHT ATTENTION
📰BNB surged hard this Thursday and surpassed US$ 720, reaching a near 5% high in the last 24 hours.
The move happens amid a strong market rebound and a wave of liquidations of short positions, which helped boost the main cryptocurrencies.
🔹 📈 BNB surpassed US$ 720
🔹 🚀 Up nearly 5% in 24 hours
🔹 💥 More than US$ 140 million in shorts were liquidated in the market
🔹 🎯 US$ 720 becomes an important region to confirm the strength of the move 🔹 ⚠️ If it loses this region after the breakout, a quick pullback could happen
The rally is strong, but there’s a detail: part of the move was boosted by a short squeeze. Now BNB needs to show it can sustain the gains with real buyers, not just liquidations.
👀 Will BNB go after US$ 750 now, or can this breakout above US$ 720 turn into a trap?
#Binance $BNB
📰BNB surged hard this Thursday and surpassed US$ 720, reaching a near 5% high in the last 24 hours.
The move happens amid a strong market rebound and a wave of liquidations of short positions, which helped boost the main cryptocurrencies.
🔹 📈 BNB surpassed US$ 720
🔹 🚀 Up nearly 5% in 24 hours
🔹 💥 More than US$ 140 million in shorts were liquidated in the market
🔹 🎯 US$ 720 becomes an important region to confirm the strength of the move 🔹 ⚠️ If it loses this region after the breakout, a quick pullback could happen
The rally is strong, but there’s a detail: part of the move was boosted by a short squeeze. Now BNB needs to show it can sustain the gains with real buyers, not just liquidations.
👀 Will BNB go after US$ 750 now, or can this breakout above US$ 720 turn into a trap?
#Binance $BNB
