Binance just proved BNB is 100.39% backed — and $BNB broke $589.20 anyway.
I kept waiting for the good news to matter. It didn't. BNB printed a $572 day low and sits at $579.66, down 8.1% today (Finnhub, 21:47 UTC). The zk-SNARK proof landed this afternoon, 198 tokens covered — and BTC broke $65,000 tonight too, so this is a market flush, not a BNB-only story.
I'm leaning bearish while $589.20 stays lost. RSI sits at 21.5, deep oversold, so a bounce can come fast — but oversold is not a floor.
If $570.31 breaks, $543.33 opens next. If BNB takes back $589.20, the breakdown fails. A daily close above $605.60 kills it outright.
Watch $570.31 on $BNB — does it hold, or break tonight?
Not financial advice. DYOR.
#BNB #BinancePoR #CryptoMarket
I kept waiting for the good news to matter. It didn't. BNB printed a $572 day low and sits at $579.66, down 8.1% today (Finnhub, 21:47 UTC). The zk-SNARK proof landed this afternoon, 198 tokens covered — and BTC broke $65,000 tonight too, so this is a market flush, not a BNB-only story.
I'm leaning bearish while $589.20 stays lost. RSI sits at 21.5, deep oversold, so a bounce can come fast — but oversold is not a floor.
If $570.31 breaks, $543.33 opens next. If BNB takes back $589.20, the breakdown fails. A daily close above $605.60 kills it outright.
Watch $570.31 on $BNB — does it hold, or break tonight?
Not financial advice. DYOR.
#BNB #BinancePoR #CryptoMarket
