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BNB Tests $700 Recovery Path After Finding Support Following Market Crash

  • BNB has recovered to $650 after Thursday's crash, finding support at the 100-day EMA around $633.
  • Technical analysis suggests bullish EMA alignment but BNB still needs to surpass $700 resistance.
  • Derivatives data reveals bearish sentiment with $2.18 million in liquidations and reduced open interest.
  • Market stabilization is observed, but sustainability of the recovery is uncertain due to mixed technical signals.

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