Can BNB Reclaim $1,000? Analyst Warns of Bearish Momentum
- BNB dropped to trade under $950 after losing $1,000 support, with $945 now the key level to defend.
- MACD flattening and RSI near 70 suggest fading momentum and risk of deeper correction.
- ETF outflows of $360M BTC and $120M ETH mirror the cautious mood weighing on BNB price.
Binance Coin (BNB) has come under renewed pressure, sliding toward $955 as part of a broader market pullback.
James Seyffart, an analyst at Bloomberg Intelligence, noted on Bankless that BNB is still absent from top crypto ETFs, even as peers such as Cardano (ADA) gain traction with fund managers.
That gap matters. ETF inclusion often signals a form of legitimacy and tends to funnel long-term institutional flows. Without it, BNB r…
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Can BNB Reclaim $1,000? Analyst Warns of Bearish Momentum
- BNB dropped to trade under $950 after losing $1,000 support, with $945 now the key level to defend.
- MACD flattening and RSI near 70 suggest fading momentum and risk of deeper correction.
- ETF outflows of $360M BTC and $120M ETH mirror the cautious mood weighing on BNB price.
Binance Coin (BNB) has come under renewed pressure, sliding toward $955 as part of a broader market pullback.
James Seyffart, an analyst at Bloomberg Intelligence, noted on Bankless that BNB is still absent from top crypto ETFs, even as peers such as Cardano (ADA) gain traction with fund managers.
That gap matters. ETF inclusion often signals a form of legitimacy and tends to funnel long-term institutional flows. Without it, BNB r…
Read The Full Article Can BNB Reclaim $1,000? Analyst Warns of Bearish Momentum On Coin Edition.
Read More