The last 3 trading weeks on the BNB market passed in a calm and relatively narrow consolidation. The BNB price cannot break and fix above the $335 mark. At the same time, the trading volumes on the market is virtually unchanged from July 2021. In fact, the BNB price came in an extremely wide liquidity zone, ranging from $213 to $294. It is unclear exactly where the new growth wave may begin. However, we have identified two important liquidity levels – $264 and $213. It is during the test of these marks that you can risk buying BNB with the first target of $377. The strength of the $264 mark is noticeable in the weekly timeframe both when the coin price rises and when it falls. Source: https://www.tradingview.com/x/soKWbRLj/ Note that in March 2021, buyers on increased volumes could not control the $264 range for the first time. In May 2021, fixing the price above $264 allowed buyers to start a new growth wave with the final target of $669. If you consider the mark of $213 to buy BNB – this is an extremely strong level, where the price is not so common. This liquidity zone reflected all the most powerful fall waves and formed false breakdowns. The $213 mark is the critical point of the BNB growth trend. It will be dangerous to invest in the BNB below. BNB Technical Analysis Source: https://www.tradingview.com/x/p1LiJE1y/ Analyzing the movement of the BNB price on the daily timeframe, we can see a local loss of initiative from b...
$285 Million in Bitcoin Shorts Wiped Out
