BNB REBOUNDS ABOVE $700 — Binance Shows Signs of Recovery

After last week's $6.3B security breach, BNB has bounced back above the key $700 level.

Key Highlights:

✅ BNB holding above 200-day EMA ($692) - Strong support

✅ Binance reports hourly deposits now exceeding withdrawals as of 03:00 UTC

✅ Net outflows stabilizing after $5.28B exit in 46 hours

✅ Next resistance: $708 (100 EMA) & $729 (50 EMA)

The technical outlook remains cautious but the recovery in exchange flows is a positive signal for investor confidence.

Binance has confirmed it will cover losses in full via its SAFU fund.

What do you think — is the sell-off over or is this just a relief rally?

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