$BNB fell 3.22% over 24 hours to $721, while $SOL fell 4.5% to $103. CZ just complained that Solana opened an office in Shanghai and put up ads on the skyline, while his own $BNB Chain can’t even establish a foothold in China. That really stings.
The market isn’t buying this narrative at all. There’s no sign of funds piling into public chains during the European session handoff. Both $BNB and $SOL are steadily drifting lower, and trading volume just isn’t enough to absorb the selling.
The most likely flaw in this assessment is that the market may treat Solana’s China expansion as a long-term positive and trigger a short-term rebound. Don’t rush to buy the dip. First, check whether the $SOL balance on exchanges keeps falling. If it’s still rising, that means selling pressure hasn’t fully eased.
The 7% VIP-exclusive APR on Binance Earn U Flexible Savings ends today. If you have idle U, don’t overcomplicate things—earning steady interest here is much safer than blindly buying the dip.
Do you think $SOL can hold the $100 level? How long can the positive news about Solana’s China expansion last? Type 1 if you’re bullish, 2 if you’re bearish.
#Write2Earn #BinanceSquare #SOL $BNB #TradingTournament
The market isn’t buying this narrative at all. There’s no sign of funds piling into public chains during the European session handoff. Both $BNB and $SOL are steadily drifting lower, and trading volume just isn’t enough to absorb the selling.
The most likely flaw in this assessment is that the market may treat Solana’s China expansion as a long-term positive and trigger a short-term rebound. Don’t rush to buy the dip. First, check whether the $SOL balance on exchanges keeps falling. If it’s still rising, that means selling pressure hasn’t fully eased.
The 7% VIP-exclusive APR on Binance Earn U Flexible Savings ends today. If you have idle U, don’t overcomplicate things—earning steady interest here is much safer than blindly buying the dip.
Do you think $SOL can hold the $100 level? How long can the positive news about Solana’s China expansion last? Type 1 if you’re bullish, 2 if you’re bearish.
#Write2Earn #BinanceSquare #SOL $BNB #TradingTournament