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Binance moves forward - $BNB Finally, a 65-day resistance level that had been keeping Binance Coin (BNB) in a narrow range has been breached. Following multiple attempts to break through, BNB soared above $600, marking an important psychological and technical turning point. Although the breakout is encouraging, BNB appears to be lacking the necessary momentum to extend this rally without retracing. BNB has had difficulty maintaining the upward momentum required to cross the $610 barrier, and it is currently trading at about $602. When trading volume seems to be leveling off following the initial surge, this level is the next resistance point, and failing to clear it could cause a pullback. BNB's next support level is approximately $585, which coincides with the 50-day EMA. This level is crucial to preserving the bullish structure that has developed if BNB does retrace. A break below this might indicate a longer correction, which could take BNB back to the $550-$560 region where the 100-day EMA offers stronger support. All the same, the breakthrough is still a good thing because it shows that BNB can overcome important resistance levels. To continue rising, BNB will require a fresh wave of investor interest or a positive macroeconomic Catalyst, as the market as a whole is also beginning to slow. With the next significant target located around $650, traders should keep a careful eye on the $610 level as a sustained move above this resistance may pave the way for additional gains. Up until that point, the absence of momentum could keep BNB range-bound or cause a slight retreat. #BNBAnalysis #BinanceLaunchpoolHMSTR #NeiroOnBinance

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Bitcoin To Hit $100K?

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Spot Bitcoin ETFs See Largest Outflows Since May 1, Totaling $287M! - $ETH As reported, digital asset investment products faced significant outflows last week, with a total of $305 million exiting the market. The trend reflects a broader wave of negative sentiment that has gripped the cryptocurrency market across various regions and providers. The primary catalyst behind this downturn appears to be stronger-than-expected economic data from the United States, which has reduced the likelihood of a 50-basis point interest rate cut by the Federal Reserve. Bitcoin was at the center of this exodus, experiencing outflows totaling $319 million. However, not all Bitcoin-related products suffered. Short Bitcoin investment products, which profit from declines in Bitcoin’s price, saw their second consecutive week of inflows, amounting to $4.4 million. Ethereum, the second-largest cryptocurrency by market capitalization, also saw negative sentiment manifest in outflows, with $5.7 million leaving the market. Trading volumes for Ethereum stagnated, reaching only 15% of the levels observed during the U.S. ETF launch week. The week also saw significant price movements in major cryptocurrencies. Bitcoin closed the week at approximately $57,300, a 10.8% decline from the previous week’s close of around $64,220. Ethereum also faced a challenging week, closing at around $2,425, down 11.7% from the previous week’s close. #Write2Earn

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MEET MR. BINANCE !

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#FREEDUROV - Web3 is all about FREEDOM !

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