๐จ BINANCE SQUARE TRADING VOTE: $BNB PERP! ๐๐
The market is at a critical inflection point! $BNB is sitting on major support/resistance zones after a multi-week decline. The question is: will buyers hold the line, or are we heading for a deeper drop? ๐ค
BNBUSDT Perp
Technical sentiment is mixed and volatile. Some long-term indicators are still positive, holding just above key EMAs, but short-term momentum has weakened, and price action is trapped in a downtrend channel.
Key Resistance Level: Traders are watching the $900 - $920 zone for a decisive break upward.
Key Support Level: The major defense line is around $880 - $890 (near the 200-day EMA). A sustained break below this could confirm a larger breakdown.
YOU DECIDE: WILL BNB HOLD HERE OR BREAK DOWN?
React to cast your vote! ๐
๐ = PUMP (It holds and pushes higher!)
๐ = DUMP (It breaks the current support and falls!)
Would you like me to look up the next major event planned for the BNB Chain ecosystem that could influence the price?$BNB
