was impacted by the harsh bearish sentiment across the market. It has not initiated a recovery, and its social media sentiment remained negative.Analysis of the Binance inflows and BNB’s price action also painted a bearish picture. Here’s how traders can navigate the next few trading days.These inflows were likely the result of panic in the market and reflected crypto transfers with the intent to sell.The Weighted Sentiment was negative and social volume has dipped over the past ten days.
Overall, the sentiment on social media and in Futures markets was firmly bearish. Technical analysis showed that $505-514 was a bearish order block on the 12-hour chart.Akashnath Sumukar works as a Senior Journalist at AMBCrypto. Based in Chennai, India, he has been an avid follower of the cryptocurrency market since Bitcoin’s boom and bust cycle of 2017. A graduate in Chemical Engineering, he is an expert in technical analysis.