iBNB

BNB trades between two key liquidity zones, showing potential for significant price movement. A recent liquidation heatmap highlights critical leverage levels and market behavior over the past week. At the time of press, BNB was priced at <a href="https://coinmarketcap.com/currencies/bnb/" rel="noopener noreferrer nofollow">$600</a>, reflecting a 1.3% decline in the last 24 hours and a 2.4% gain in the past week.<h2 id="header-0">Liquidity Zones</h2>The heatmap shows two main liquidity zones between $585 and $625. These zones are marked by heavy liquidation leverage. The zone above $595 shows a large cluster of liquidations. This indicates strong market interest, making it a key support level. The price may move toward this level as traders position themselves to trigger these liquidations.The upper zone near $620 shows substantial liquidation activity as well. This level serves as a significant resistance point. Traders are heavily positioned here, expecting the price to reach or surpass this level. The high concentration of liquidations at these points suggests these levels are critical for market participants.<a href="https://cryptotale.org/bnb-battles-between-585-and-625-amid-heavy-liquidations/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BNB Battles Between $585 and $625 Amid Heavy Liquidations

Table of Contents

CryptoTale

Other articles published on Sep 28, 2024

Binance Is Withdrawing… But Not Really: Russia Is Still Being Served!

San Francisco boasts 100+ crypto-accepting businesses and 400+ ATMs

Spot Bitcoin ETF Inflows Cross $1 Billion This Week, BlackRock Buys IBIT

Michael Saylor's MicroStrategy to Issue $700M in Senior Convertible Notes to Buy More Bitcoin

Analysts Predict Solana to Skyrocket 200% as Market Prepares for Bull Run – Here’s Memecoins Boos...

MOODENG Achieves Significant Price Growth Following LBank Listing

Join our free newsletter for daily crypto updates!