$BNB is not moving in a straight line. Yes, a new peak has been recorded and that's big news, but at the same time, there are signals we need to pay attention to. The market as a whole is going through a very sensitive phase; liquidity is coming in from large investors, but there is also tension with every political or global economic news.
BNB specifically is walking on a tightrope. On one hand, the strength of Binance's ecosystem and the continuous burning operations are creating buying pressure that makes people optimistic in the long term. On the other hand, any regulatory pressure or negative news could quickly turn the tables and make the corrective movement violent.
If we look at the chart, we will find that the price is breaking resistances and stabilizing above them, which is good. But we need to ask ourselves whether the trading volume confirms these breakouts or not. The truth is that not every day the liquidity is at the same strength. There are sessions where weakness is apparent, and this means that any investor needs to be mindful that there is a possibility for the price to re-test support levels before continuing the rise.
Moreover, we cannot ignore that the market is currently very influenced by the performance of other major players like BTC and ETH. Any strong shake in them will immediately affect BNB, even if its fundamentals are stable.
. $BNB has opportunities to continue rising if liquidity and indicators continue to support it, but at the same time, the risk is present and strong. Any entry now needs a clear plan for when to enter, where to exit, and how to deal with fluctuations?
