BNB is at 749.57 on the daily, grinding higher off the October lows near 705 with a steady run of higher lows above the rising trendline from late July. Price is now pressing into the 760 zone after a brief rejection there, with the upper trendline from the September highs capping the top near 800.
Bull case: clear 760 and push toward 780, opening a path back to the 800 highs and the upper trendline. Bear case: reject here and lose 740, pulling price back toward the rising trendline near 725.
Higher lows push through 760, or another rejection before the next leg? ➖➖➖➖➖➖➖ $BNB
ETH is at 2,229.41 on the 8h after yesterday’s massive Binance hack triggered a sharp flush from 2,380, with a wick tagging the rising trendline from the mid July lows near 2,175. Buyers stepped in right at the line, so the broader uptrend is still intact for now.
Bull case: hold the trendline and reclaim 2,250, opening a path back toward 2,350 and the 2,400 zone. Bear case: lose 2,170 and break the trendline, exposing 2,130 and the 2,050 area below.
Trendline absorbs the hack panic, or does fear finally break support? ➖➖➖➖➖➖➖ $ETH
HYPE is at 93.812 on the daily after a massive green candle launched it off the 78.5 to 79.5 demand zone, sitting just above the rising trendline from the late July lows. A wick tagged 97 before sellers stepped in, leaving price just below the 98 highs from September.
Bull case: hold above 90.5 and clear 98, opening a path to fresh highs beyond 100. Bear case: fade back below 86.5, pulling price back toward 82.5 and the demand zone near 79.
Explosive breakout heads for new highs, or does 98 cap the run again? ➖➖➖➖➖➖➖ $HYPE