BNB & AVAX Recovery or Another Rejection?
$BNB trading around $726 in the latest October 16 snapshot, BNB gained alongside a broader crypto-market recovery. However, price remains under pressure after failing to sustain higher levels. Support sits at $710–$700, while resistance is around $740–$750. A breakout above $750 could strengthen recovery momentum; losing $700 may expose $680.
$AVAX rebounded sharply, reaching an intraday high near $10.52 on October 16, but momentum still needs confirmation. Support lies at $9.70–$9.20, with resistance around $10.65–$10.70. A sustained breakout could signal further recovery, while rejection may bring another support test.
Trading Strategy : Watch volume and candle closes before entering. Consider longs only after confirmed resistance breakouts or bullish support retests. If support fails, wait for stabilization rather than chasing falling prices.
Market verdict : Both assets show recovery potential, but confirmation is essential before turning cautiously bullish.
Which has stronger upside potential: BNB or AVAX?
#bnb #BinanceSquareTalks #BitcoinShortTermHoldersReach4.08MBTC #NEARRisesNearly10%
$BNB trading around $726 in the latest October 16 snapshot, BNB gained alongside a broader crypto-market recovery. However, price remains under pressure after failing to sustain higher levels. Support sits at $710–$700, while resistance is around $740–$750. A breakout above $750 could strengthen recovery momentum; losing $700 may expose $680.
$AVAX rebounded sharply, reaching an intraday high near $10.52 on October 16, but momentum still needs confirmation. Support lies at $9.70–$9.20, with resistance around $10.65–$10.70. A sustained breakout could signal further recovery, while rejection may bring another support test.
Trading Strategy : Watch volume and candle closes before entering. Consider longs only after confirmed resistance breakouts or bullish support retests. If support fails, wait for stabilization rather than chasing falling prices.
Market verdict : Both assets show recovery potential, but confirmation is essential before turning cautiously bullish.
Which has stronger upside potential: BNB or AVAX?
#bnb #BinanceSquareTalks #BitcoinShortTermHoldersReach4.08MBTC #NEARRisesNearly10%