BNB hints at 20% crash: Are bulls losing control?

Quick Summary:

BNB could potentially fall by 20% to reach the $480 level due to the formation of a bearish triple-top price action pattern.

Based on the historical price momentum, there is a strong possibility that BNB could fall by 20% to reach the $480 level in the coming days.

Currently, the major liquidation levels are near $593 on the lower side and $607.5 on the upper side, as traders are over-leveraged at these levels, according to an on-chain analytics firm Coinglass.

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Article Details

Author / Journalist: Chanakya

Category: Crypto

Markets: United States

Topics: Altcoin Trading View Binance Social Ambcrypto News News 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 19:30:43 (1 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 515 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22710044

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 25 posts per day

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News Last Updated: 8 hours ago

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