#美联储降息 BNB's current price is stuck around $893.08, with a daily increase of only 0.71%. The fluctuation range is from $870.9 to $893.9. Trading volume remains decent—1.2188 million coins traded in the past 24 hours, equivalent to over 7.7 billion RMB.
It seems a bit sluggish. Looking back, it has fallen 7.65% in the past month, but over the year, it has still increased by 24.94%, so it hasn't suffered long-term losses. The problem is that in the short term, it's being firmly suppressed by the 50-day moving average, with insufficient upward momentum. Previously, VanEck had an ETF application, which once boosted market sentiment, but the momentum was lacking afterward.
The current situation is a narrow range of oscillation, lacking clear breakout signals. The key now is to see when trading volume can pick up—without sufficient volume, breaking through the 50-day moving average resistance is basically impossible. Short-term, it's still advisable to continue observing.
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ConsensusDissenter
· 12-16 12:37
It's really frustrating to be stuck here; without the volume, everything is pointless.
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LeekCutter
· 12-15 11:21
Getting stuck at position 893 is really frustrating, feels like I'm being crushed. When will I finally have a decent breakthrough?
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StableNomad
· 12-15 01:17
ngl the 50-day ma is basically a ceiling rn... reminds me of UST in May, just sideways forever till volume shows up
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GasFeeCrier
· 12-13 14:09
It's that dead pressure level again. So annoying. When will we break through?
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rugdoc.eth
· 12-13 14:09
Trading volume still needs to keep up, otherwise it really can't break through this level.
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MidnightTrader
· 12-13 14:09
The 50-day moving average is really a tough hurdle, it’s hard to watch. Without enough volume, it’s basically impossible.
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VanEck’s recent hype has cooled down like this, which is a bit of a pity.
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A long-term increase of 24.94% is actually okay, but the short-term market really can’t hold up.
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Right now, it’s just a matter of wasting time, waiting for the volume to pick up, there’s no other way.
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Reaching repeatedly at the $893 level feels like we need to wait a bit longer.
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Why didn’t the Fed’s rate cut boost the market? Could it be that the expectations were already priced in?
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A trading volume of 1,218,800 coins is neither too much nor too little; the key is that there’s no willingness to break through.
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A 7.65% decline in a month, a 24.94% increase for the year— I can’t figure out which is more profitable.
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Narrow-range fluctuations are the most annoying; not only do you not make money, but you also have to keep an eye on the market.
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TokenomicsShaman
· 12-13 14:07
The trading volume is dead, and there's basically no hope for this breakout.
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MetadataExplorer
· 12-13 14:01
The 50-day moving average is truly rock solid, it feels like BNB has been sleeping lately.
If trading volume doesn't pick up, a breakout is just a fantasy.
Wait, will the Fed cut interest rates and save the day?
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TokenomicsDetective
· 12-13 13:49
Getting stuck at this point is really frustrating; if you can't measure the quantity, it's a dead move.
#美联储降息 BNB's current price is stuck around $893.08, with a daily increase of only 0.71%. The fluctuation range is from $870.9 to $893.9. Trading volume remains decent—1.2188 million coins traded in the past 24 hours, equivalent to over 7.7 billion RMB.
It seems a bit sluggish. Looking back, it has fallen 7.65% in the past month, but over the year, it has still increased by 24.94%, so it hasn't suffered long-term losses. The problem is that in the short term, it's being firmly suppressed by the 50-day moving average, with insufficient upward momentum. Previously, VanEck had an ETF application, which once boosted market sentiment, but the momentum was lacking afterward.
The current situation is a narrow range of oscillation, lacking clear breakout signals. The key now is to see when trading volume can pick up—without sufficient volume, breaking through the 50-day moving average resistance is basically impossible. Short-term, it's still advisable to continue observing.
$BNB $PEPE