$BNB Liquidated Long: $102K at $679.80
A $102K long position on Binance Coin ($BNB) just got wiped out at $679.80, showing just how volatile the crypto market can be.
Will BNB recover or fall further?
Key Details About $BNB
Binance Coin (BNB) is the native token of Binance, the world’s largest crypto exchange.
BNB is used for transaction fees, staking, and powering the Binance Smart Chain (BSC) ecosystem.
With strong utility and demand, $BNB is a key player in the crypto space.
Current Market Situation
Support Level: $670
Resistance Level: $700
If $670 holds as support, BNB could rebound toward $700 and potentially test higher levels.
A breakdown below $670 could drag BNB down to $650, a crucial psychological support.
Buy or Sell Recommendation
Short-Term Traders: Consider buying near $670 if support holds. Avoid trades if $670 breaks down.
Long-Term Investors: Accumulate slowly in the $650–$670 range, as BNB has strong long-term fundamentals.
$BNB is at a turning point—can bulls regain momentum, or will bears push it lower?
Trade carefully and keep your eyes on key levels!