BNB Spikes 3.62% in 24 Hours, Breaking Through 940 USDT

robot
Abstract generation in progress

I've been watching this coin like a hawk, and damn if it isn't finally showing some life! BNB just smashed through the 940 USDT mark, trading at 940.22 USDT as of September 13th. A 3.62% jump in just 24 hours isn't earth-shattering, but in this stagnant market, I'll take what I can get.

Looking at the chart, it's clear the momentum has shifted, though I'm skeptical about how long this rally can last. The trading volume seems decent enough at 20.8k, but I've seen bigger pumps fizzle out faster than cheap fireworks.

What they're not telling you is how this coin has been underperforming compared to many other major cryptos lately. Sure, it's up now, but zoom out and the picture isn't so rosy. The recent price action feels more like a dead cat bounce than a genuine recovery.

I've been holding a bag since 950, so I'm still underwater despite this "impressive" gain they're trumpeting. Typical exchange PR - always putting a positive spin on mediocre performance of their native token.

Check the recent news sidebar - this thing was over 1,000 USDT just days ago! So we're actually DOWN significantly from last week, but they conveniently frame today's small recovery as some kind of victory.

The bull who commented "A bullish trend 📈. Hold positions" must be smoking something strong. One green day doesn't make a trend, buddy. This market will chew you up and spit you out with that kind of naive thinking.

Still, I'm not selling yet. The charts suggest there might be more upside if we can establish support around the 940 level. But my finger's hovering over the sell button - fool me twice, shame on me.

BNB-5.04%
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