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Is $BNB finally getting tired of this range or is it just baiting us?
Looking at the daily chart, we’ve been stuck in this weird back-and-forth for a minute now. After hitting that $570 floor earlier this month, we had a nice bounce, but $640 is acting like a brick wall. Every time we get close, the sellers step back in.
Right now we’re sitting at $623. The candles are getting smaller, which usually means a big move is cooking. The volume isn't crazy high, so I’m not expecting a massive breakout tonight, but we need to stay above $615 to keep the bullish structure alive.
If we can’t clear $640 soon, I wouldn't be surprised to see one more dip to collect liquidity before the real push. I'm staying patient on this one.
What are you guys seeing in the order book? Looks pretty heavy on the sell side above $630.
#EthereumFoundationUnstakes$48.9METH