The post BNB Faces Bearish Trend but Short Squeeze Potential Looms Near $950 Resistance appeared on BitcoinEthereumNews.com. Binance Coin (BNB) price recently dropped below $1,000 due to shrinking on-chain activity and declining DEX volume, testing the critical $827 support level that held firm in previous months. This support zone, significant in August and September, once again demonstrated strong demand. BNB’s bearish trend persists on the daily chart, with internal structure showing short-term bullish shifts after breaching a lower high at $906.5. Resistance looms at the $950 zone, a key battleground from November that could challenge upward momentum. Liquidation data indicates high-leverage clusters between $910-$920, potentially triggering a short squeeze before any downtrend resumption, according to CoinGlass metrics. Discover why Binance Coin price fell below $1,000 and key support levels to watch. Explore technical analysis for informed trading decisions in this volatile market. What Caused the Recent Binance Coin Price Drop Below $1,000? Binance Coin (BNB) price experienced a notable decline below the $1,000 mark primarily due to diminishing on-chain activity and reduced decentralized exchange (DEX) volume on the Binance Smart Chain network. This drop tested the robust $827 support level, which previously acted as a demand zone during August and September, providing a buffer against further downside. Market participants observed that these factors contributed to a broader bearish sentiment, though short-term optimism emerged from structural shifts in price action. How Is Binance’s Leadership Change Impacting BNB Prices? The recent shift in Binance’s leadership from a hyper-growth focus to a more balanced platform approach could influence BNB’s trajectory in subtle ways. Analysts note that this transition aims to enhance regulatory compliance and sustainability, potentially stabilizing the ecosystem amid external pressures. However, ongoing legal challenges, such as the North Dakota lawsuit against Binance, introduce uncertainty that weighs on investor confidence and BNB prices. According to reports from financial experts at Bloomberg, such regulatory scrutiny has historically led to 10-15%…
Category: business
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The sports world was rocked again this week when two pitchers for Major League Baseball’s Cleveland Guardians were arrested on charges related to gambling. Coming on the heels of the recent indictments of numerous current and former NBA players and a head coach on similarly disturbing allegations in October, the already heated debate about increasingly […]
Fils-Amie shared confusion that Xbox hasn’t been more aggressive in porting games to the Switch 2 ahead of the 2025 holiday season.
In a recent company sports day with Taiwan Semiconductor Manufacturing Co., Huang called the company the ‘pride of the world.’.
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The post US Dollar Index speakers and the preliminary Michigan Consumer Sentiment Index, which is expected to have deteriorated slightly in November. US Dollar FAQs The US Dollar (USD) is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign.
Source: Bloomberg, 4:42
SmackDown general manager Nick Aldis received an emotional message from his wife and WWE legend Mickie James. Aldis celebrated his 39th birthday on Saturday.