$BNB
📉 BNB/USDT Analysis – Support & Resistance Update 📊
Price: $633.45 | Timeframe: 4H | Change: -4.90%
BNB has seen a strong rejection after reaching a local high of $673.43, triggering a steep drop to a 4H low of $625.44. The current price action signals a key breakdown below multiple moving averages, with bearish momentum increasing.
🔹 Key Resistance Levels:
$660 – $668: Zone marked by MA(25) and MA(99); strong resistance after the breakdown.
$673 – $675: Previous swing high and top of recent range.
🔻 Key Support Levels:
$625: Local support from today's low. A breakdown below this could open the door to $610 – $600.
$600 psychological level: Strong historical support zone.
📊 Indicators:
MACD: Bearish crossover confirmed; increasing momentum to the downside.
Volume: Spike in red volume bars signals heavy selling pressure.
🧠 Conclusion:
BNB is in a short-term bearish trend. Watch how it behaves around the $625 support—a hold could mean consolidation, but a break below may trigger further downside. Resistance near $660 needs to flip for any bullish recovery.