BNB, that stubborn sentinel of a market grown weary, defies the broad collapse and climbs nearly 20% in a week, as if the ledger itself cleared its throat to applaud a stubborn joke 😏💹.
Yet the money-scarred vox of on-chain and technical indicators hints that the ascent may be losing its luster; traders, with the weary smile of those who have counted their coins and found them lighter, begin to lock in profits from recent gains.
BNB Faces Profit-Taking Wave
From the BNB/USD daily chart, the mood shifts like a curtain falling on a courtroom drama. The price has pressed higher in recent sessions, but the Chaikin Money Flow (CMF) has slid into the shadows, forming a bearish divergence. At press time, this candle-worn momentum gauge sits at -0.02.
For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The CMF indicator tracks money flowing into and out of an asset. When it sags amid a price climb, a bearish divergence wears its mask and reveals the truth that many prefer not to hear.
This suggests that despite BNB’s upward drift, buying pressure is thinning, and if this mood persists, the coin could surrender some of its recent gains.
Moreover, BNB’s long/short ratio has stubbornly stayed below one since October 6, signaling a growing negative bias among futures traders. At the moment, the figure stands at 0.9354.
The long/short ratio measures how many bettors position longs (hope of price rise) versus shorts (bet on the fall). A value above one would hum a bullish tune; below one, it whispers of caution and potential trouble ahead.
When it climbs above one, more traders expect upward momentum, signaling a bullish tilt in the derivatives arena. Conversely, a sub-one reading, like now, shows most participants banking on more downside. A steady rise in short bets hints at a market correction and adds to selling pressure.
BNB Hangs by a Thread at $1,263
At the moment, the altcoin hovers near the $1,263 support-an edge where fear and hope contend, like two stern librarians deciding a verdict. If bearish sentiment prevails, the floor may crack and BNB could retreat toward $1,100, wiping out a portion of last week’s ascent. 😬
Yet a resurgence of buying interest could keep the token above that stubborn support. In such a turn, BNB might chase back toward its all-time high of $1,349, if fortune and discipline conspire together.
Read More
- Gold Rate Forecast
- You Need to Hear the Advice Rhea Raj Gave KATSEYE’s Lara
- Dragon Ball: Every Super Saiyan Form Ranked (and #1 is the Most Iconic)
- What Nicole Kidman, Keith Urban and More Shared About Their Salaries
- Metal Gear Solid Delta Patch Promised, But No Mention of PS5 Performance Improvements
- Mantis (2025) Movie Review
- Star Wars: Beyond Victory Is A Slight But Enjoyable Experiment In What Meta’s Storytelling Potential (Review)
- Stalker: Rusted Dawn may be the best Stalker 2 modpack yet that aims to make the game closer to GAMMA
- Demi Moore Debuts Bangin’ Hair Transformation
- ‘Curb Your Enthusiasm’ Writer, Star Revisit the Show’s ‘Seinfeld’ Reunion
2025-10-10 16:09