After a few weeks of sideways chop, BNB has been gradually warming up these past few days and broke the $660 resistance. I usually use Binance, but my recent strategy has just been using grid bots for spot trading on BYDFi. I really do hope BNB can keep recovering steadily in the future, but I want to ask if that’s actually realistic rn.

Looking at the trading volume and the size of the pumps, I think people are still pretty cautious. Read some analysis pointing out that this recent climb is mostly driven by short covering and stop-losses getting triggered, rather than pure spot buying. Capital rotated back into exchange tokens, but traders are quick to lock in profits on these rebounds.

Do you guys think this momentum can hold?

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