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BNB Tests Multi-Month Trendline Amid Reduced Trader Conviction

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BNB
$849.490.43%
BNB approaches a key support and resistance level as traders show reduced conviction. Open interest analysis reveals a two percent drop alongside softer volume, pointing to reduced exposure. Funding rates remain neutral, and leverage has declined. A daily close above the trendline could target $950, while a breakdown may test $700. Long-to-short ratios stay elevated, but liquidations remain controlled without spiking sell pressure.
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