$BNB recently pulled back from its $722 high, now trading around $703. Key support lies at $647, with resistance levels at $734 and $750 in sight if bullish momentum returns.
Will this correction turn into a buying opportunity, or is there further downside ahead?
Are you adding more BNB, holding your position, or waiting for better clarity?
$BNB reached a new all-time high of $722 on December 4, 2024, but has since faced increased selling pressure, with its Average Directional Index rising from 12 to 31.
if BNB maintains support above $647, it could target resistance levels at $734 and $750.
However, a drop below $647 may lead to further declines, with critical support at $622.
Velodrome Finance ($VELODROME ) recently dropped to $0.192, wiping out $67,100 in long positions after a massive correction from its Binance listing rally.
The token is now trading at $0.1838. In the next few days, VELODROME is expected to range somewhere between $0.221 to $0.237.
If you're new to Binance, Binance Earn is a simple way to grow your crypto without trading stress. Pick what works for you:
▪︎ Simple Earn: Flexible Savings lets you earn daily rewards and withdraw anytime. Locked Savings offers higher returns when you commit for 30–120 days.
▪︎ BNB Vault: Hold BNB and earn interest, airdrops, and bonus rewards in one place.
▪︎ Launchpool: Stake your coins (like BNB or SOL) to farm new tokens while keeping your main assets intact.
▪︎ Dual Investment: Buy crypto cheaper or sell it higher, all while earning juicy returns—perfect for volatile markets.
For e.g: I have done a Dual Investment on $ETH that closes on 17 Dec. ______
How to Start:
Log into Binance, click Earn, and choose your preferred option. Look out for campaigns like $SOL Surge for rewards like tokens and prizes!
Earn smart, hold strong, and let Binance do the heavy lifting for your investments.
Here’s my take on the hottest cryptocurrencies you should have on your radar right now:
1. Bitcoin ($BTC ):
Still the king of crypto, Bitcoin continues to dominate the market. It's gaining attention as more institutional investors jump in, driving demand and price stability.
2. Ethereum ($ETH ):
As the backbone of smart contracts and decentralized applications (dApps), Ethereum remains vital to the blockchain ecosystem. It's benefiting from continued growth in DeFi and NFT adoption.
3. Solana ($SOL ):
Famed for lightning-fast transactions, Solana is becoming a go-to choice for developers creating scalable decentralized apps. It’s also a rising player in the NFT and gaming space.
4. Ripple ($XRP):
With legal clarity from recent court rulings, XRP is gaining traction for cross-border payment solutions and partnerships with financial institutions worldwide.
5. Avalanche ($AVAX):
Avalanche is being recognized for its energy-efficient blockchain and interoperability. It’s ideal for users who want fast and cost-effective decentralized finance (DeFi) operations.
These cryptos are not just numbers—they’re shaping the future of finance. Keep an eye on market trends, and always do your research before investing!