$BNB short-term trend is bearish, and the price is in a corrective phase. The key battle is between the short-term sellers and the long-term support at the 99-MA.
🎯 Key Targets & Levels to Achieve
Based on this analysis, here are the critical levels to monitor:
🔴 Resistance Targets (If Price Bounces)
R1: 1,110 (7-period MA)
R2: 1,150 (25-period MA & recent consolidation high)
R3: 1,375 (The recent major high)
A confirmed break and hold above 1,150 would be the first sign of a potential bullish reversal.
🟢 Support Targets (If Price Drops)
S1: 1,070 (Recent swing low)
S2: 960 (Major support at the 99-period MA)
S3: 860 (The low of the recent volatile wick)
Watch for a reaction at the 960 level. A strong bounce could be a buying opportunity, while a break below it would signal a much deeper correction.
