BNB Price: Can Bulls Defend $690 After the Binance Breach?

TLDR BNB trades near $691 on Nov. 3, about 14% below its October high near $800. The token fell below the rising trendline that held since July. Binance said it replenished about 90% of assets affected by the $6.34 billion breach. The VanEck BNB ETF (VBNB) drew about $98.6 million in October. Analyst Crypto Patel set long-term BNB targets of $2,112 and $5,000. BNB is trading around $691 on Nov. 3. The token ended October weak and dropped below the rising trendline that had supported its recovery since July. On the daily chart, BNB opened near $698 and reached about $701. It then fell as low as $691. That leaves the token roughly 14% below its October high near $800.

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