🔥 The $BNB Bounce: Dead Cat or Rocket Fuel? 🚀
Market Analysis 📊:
After testing the psychological support zone (around the Low from the 15th on the chart, which was $1,068.04), $BNB is showing a strong relief rally, currently sitting above both the 7-period ($1,106.56) and 99-period ($1,100.68) Moving Averages. This double-MA flip is a key technical signal that the short-term bearish momentum might be broken. However, the price is still lagging far behind the 25-period MA at $1,169.41. The real challenge is breaking that $1,170 resistance. Whale activity is still a major factor, with large movements noted just before this dip. Don't be complacent!
Community Poll: Where is the $BNB train heading next?
➡️ Retest $1,170: Bullish move imminent.
⬅️ Back to $1,060: Dip is still possible.
Drop your answer (1 or 2) in the comments! Let's see who predicted the move correctly!