Today's BNB market performance is noteworthy, and investors should closely follow the importance of the 845 level. If it can solidly stand above this key level, it may initiate a rise in the short term. In this case, the 852, 858, and 864 levels will become important resistance for the next steps.



However, if BNB struggles to break through the 845 level, it may signify insufficient upward momentum, and investors should be wary of potential downside risks. If a pullback occurs, the previous low at 831 will be the primary support. If this level is breached, the 825 and 819 levels may become significant support areas going forward.

The cryptocurrency market is currently in a correction phase, and investors need to remain cautious. At the same time, the progress of the Ethereum staking withdrawal mechanism implementation is also worth following, as it may have a profound impact on the entire crypto ecosystem.

In addition, market participants are generally concerned about when the altcoin market will fully start. Although there are currently no clear signs, as the trends of mainstream currencies such as BTC and ETH gradually become clearer, it may bring new opportunities for small-cap tokens. Investors should remain vigilant, closely follow market trends, and manage risks effectively.
BNB2.93%
ETH1.55%
BTC-0.15%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 10
  • Repost
  • Share
Comment
0/400
HodlKumamonvip
· 08-20 07:52
With BTC/ETH stable, a hundred flowers bloom on the mountains. There is an 84.5% chance of a breakthrough this week, meow~
View OriginalReply0
ForumMiningMastervip
· 08-20 02:53
With this market condition, maybe it's better to stop trading.
View OriginalReply0
WhaleWatchervip
· 08-19 20:40
If BTC crashes, it will be the end.
View OriginalReply0
MEVSandwichvip
· 08-18 06:50
BNB long order grasp it, brothers.
View OriginalReply0
MoonRocketTeamvip
· 08-18 06:46
The rocket supply module is in position, 845 is the key altitude for breaking through the atmosphere.
View OriginalReply0
ChainBrainvip
· 08-18 06:45
After saying so much, just look at BTC.
View OriginalReply0
SorryRugPulledvip
· 08-18 06:43
Seek a hammer, get a hammer. Don't be greedy.
View OriginalReply0
Anon4461vip
· 08-18 06:43
Sigh, this market data looks tiring.
View OriginalReply0
gas_fee_therapistvip
· 08-18 06:40
The trend is just average.
View OriginalReply0
CountdownToBrokevip
· 08-18 06:39
long positions are doomed
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)