Well, well, well, the market is doing its best impression of a rollercoaster at the end of the week, according to CoinStats. 🎢
BNB/USD: The Soap Opera Continues
Binance Coin (BNB) has decided to take a little nap, falling by 0.67% since yesterday. But hey, over the last week, it’s up by 4.51%. So, it’s like a diet where you lose a pound but gain five. 🍰
On the hourly chart, BNB is cozying up to the support level like it’s a warm blanket. If the sellers keep pushing, we might see a breakout of the bottom level, and then it’s a free fall to $615. 🪂
On the bigger time frame, traders should keep their eyes glued to the $643.72 level. If it doesn’t break, we could be looking at a decline to the $600 area. This thrilling episode is set to continue until the end of next week. 🍿
From a midterm perspective, neither the bulls nor the bears are winning this tug-of-war. So, traders, don’t expect any sharp moves anytime soon. It’s like watching paint dry, but with more zeros. 🎨
At press time, BNB is trading at $623.41. Will it go up? Will it go down? Stay tuned for the next episode of “As the Crypto Turns.” 📺
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2025-03-23 18:04