BNB Potential!
We are seeing an interesting part of BNB right now. After the recent fall of US election day, BNB falls from $720 to $691.15. As we speak of now BNB might reclaim at 720 possibly today or maybe not. But technical is showing signs, like after Binance Hack BNB secretly recover 690 to $719 but no one notice it.
US election day fall $720 to $691.15 (-4% in 24h) and after Binance $6.34B hack fall $760 to $680, BNB secretly recovered $690 to $719 (+4.2%) but no one notice it while everyone focused on BTC $76.5k dumping, so $700.33 current might reclaim $720 today.
$690 to $719 Secret Recovery No One Noticed:
After hack: low $680 Oct 30, then $690 $719 recovery. Nov 3 recovery phase 04:00 UTC withdrawal restoration, BNB, USDT, USDC BSC first restored, 95% of $6.34B replenished by Oct 31 via SAFU + insurance + treasury, $3B frozen via Tether/Circle, Traderb Traitor N orth Korea link. Net outflow $3.64B ($4.65B withdrawals vs $1.01B deposits) = 2.1% of $171B AUM, then CZ said net hourly inflows deposits exceeding withdrawals Tuesday.
Why secret: While market panic BTC -2.1% ETH -0.39% SOL-1.01% Nov 3, BNB $690.44 low to $719 high = +4.1% bounce $690 200-day EMA support held. No one noticed because $1B Bitcoin ETF outflows focused.
$720 Reclaim Possible Today - Technical Signs:
Technical: 200-day EMA $692 immediate support (current $700.33 above), 100-day $708 resistance, 50-day $729, broken rising trendline $736, Super Trend $766. RSI 36.53-36.69 near oversold but above 30, MACD converged -11.6911 histogram 0.0000 pause, Bollinger lower band $688.95%B 0.0475 near bottom. Pivot $698.62 resistance $705.51 $698.62 support $685.58 $678.69, 7-day SMA $710.16, 20-day $726.06, 50-day $747.91 all above. $710-$720 is key per CoinCentral: recover $710-$720 then $750 $780-$800.
Why $720 today possible: $700.33 to $720 = +2.8% needed, day high already $703.30, 1h +0.73% momentum, Ol 579k contracts $407.9M +1.41%, long/short account ratio 2.Technical
$691.15 was double test $690-$710 zone acted as resistance before September breakout, now support. Break below July trendline bearish, but $690 holds = bounce possible if $680-$690 holds per Shirinyan. Daily close below $690 = speed to $670-$650 $600-$620 demand zone. Close above $710 = short bias bearish over. $690 to $719 recovery = 200-day EMA defense.
Fundamental
Binance hack largest ever $6.34B Oct 29 20:05 UTC hot wallets, but replenished 90% Oct 31 95% Nov 3, withdrawals reopened Nov 1 06:00-09:00 UTC phase 1 15 networks, Nov 3 phase 2 BSC ETH SOL XRP Sui Arb OP Tron Base, BNB Chain BSC opBNB Greenfield not affecte. ETF VanEck VBNB $98.6M Oct inflows = institutional bid. CZ net inflows report = trust rebuilding
- What to look: $690 to $719 secret recovery +4.2% no one noticed = hidden strength, $691.15 low exact support held = 200-day EMA $692 defense, net hourly inflows per CZ = trust returning, 90-95% funds replenished = Binance covered loss, RSI 36.5 oversold bounce ready, $700 above $692 200-day = bullish reclaim started, $691.15 to $720 only 2.8% away possible today, ETF $98.6M inflow = demand.
- What to don't: Below 7-day $710.16 20-day $726 50-day $747 = all MAs overhead bearish, $720 to $691.15-4% fall on election fear, break below July trendline bearish structure, $800 high to $691-13.6% downtrend, Ol down 1.95M to 1.74M BNB = retail leaving, $3.64B net outflow initial, MACD -11.69 still negative, if $690 fails $670-$650 fast.
As we speak $700.33 might reclaim $720 today needs +2.8% only, technical showing $708 100-day then $720 then $729. After Binance hack no one noticed $690 to $719 = that is accumulation. Hold $690 and $720 possible today, lose $690 and $670-$6507622 73.4% long.
