- The BNB brake out was shown for $ 680 after the $ 534 lowest.
- The steady sales reflected in the OBV meant that the optimistic movement (more than $ 720) would not be embodied soon.
In February, the encryption market leader Bitcoin (BTC) and Ethereum (ETH) have seen the steepest decline in a month in 10 years.
This worsened the fear of the entire market, and Altcoins generally experienced more losses than BTC.
Monday volatility has had a less effect on Binance Coin (BNB) than other ALTS.
HODL WAVES found that there was an activity that gained profits as the Exchange token reached $ 600 in the second half of 2024.
In the last three months, the waves have again showed HODL behavior. Can this see a new rise in BNB?
BNB once again crawls to challenge the $ 625 resistance.
Source: TradingView’s BNB/USDT
BNB may have been less volatile on Monday than Ether Leeum, but it has still been volatile for the last six weeks.
There were three main levels of the BNB trader ($ 721 resistance, $ 534 support, and $ 620- $ 640, which served as a resistance and resistance.
The price was greatly shaken at this important S/R level and reduced the importance of December and January.
Over the past month, RSI indicates that downward momentum is widespread with less than 50 neutral. OBV also witnessed retreat.
The low -end chart showed that the region’s highest level of $ 620 and $ 680 was the main resistance.
However, it is better to stand BNB in a range than trend assets. Therefore, it will be a chance to buy with support over $ 620.
Indemnity Clause: The information presented does not make up financial, investment, transactions, or other types of advice, and is entirely the artist’s opinion.