$BNB went from $745 to $680 in ONE hourly candle last night, and it's been fighting for $700 ever since.
The numbers:
• Price: 699.45, -6.48% in 24h (BTC is -4.8% on the same window, so BNB is lagging)
• 24h range: 680.00 – 754.29
• That 20:00 UTC candle printed ~97M USDT in volume, roughly 15x the average hour of the past week
• 7-day high was 762.2. That whole week of grind got erased in one candle
What the chart says now:
1. The bounce off the lows topped at 722 this morning and got sold. Lower high.
2. Price has slid back to $700 and keeps closing just under it. That's the line bulls need to win back.
3. Support is 694 (today's low), then the 680 wick. The overnight dip toward 682 didn't take it out, so it's the level everyone's watching.
My read: high-volume flushes like this often leave a range afterward, not a straight trend. A reclaim of 722 would flip the short-term structure. Losing 680 on volume opens a fresh leg down. Until one of those happens, I'm treating 680–722 as chop.
Are you buying the wick, or waiting for 680 to break first?
Not financial advice.
#BNB #CryptoMarket #TechnicalAnalysis
The numbers:
• Price: 699.45, -6.48% in 24h (BTC is -4.8% on the same window, so BNB is lagging)
• 24h range: 680.00 – 754.29
• That 20:00 UTC candle printed ~97M USDT in volume, roughly 15x the average hour of the past week
• 7-day high was 762.2. That whole week of grind got erased in one candle
What the chart says now:
1. The bounce off the lows topped at 722 this morning and got sold. Lower high.
2. Price has slid back to $700 and keeps closing just under it. That's the line bulls need to win back.
3. Support is 694 (today's low), then the 680 wick. The overnight dip toward 682 didn't take it out, so it's the level everyone's watching.
My read: high-volume flushes like this often leave a range afterward, not a straight trend. A reclaim of 722 would flip the short-term structure. Losing 680 on volume opens a fresh leg down. Until one of those happens, I'm treating 680–722 as chop.
Are you buying the wick, or waiting for 680 to break first?
Not financial advice.
#BNB #CryptoMarket #TechnicalAnalysis
