š” BNB Dips Below $575 as Momentum Weakens ā A Cautionary Signal for Bulls
š Date: April 6, 2025
š Timeframe: 1D (Daily Chart)
š Source: TradingView | BNB/USDT (Binance)
š BNB is currently trading at $573.90, down -1.14% on the day. Itās moving sideways with a bearish lean, having failed to reclaim the $600 level convincingly.
š¹ MACD Analysis:
MACD Line: 7.68
Signal Line: 10.25
Histogram: Red
Momentum is shifting bearish again, with the MACD line crossing below the signal. Histogram bars are deepening, hinting at potential continuation of downside.
š¹ RSI (Relative Strength Index):
RSI: 53.77
Trending downward, now near neutral territory, showing loss of bullish strength. Still far from oversold, meaning more downside is possible.
š¹ Key Resistance: $600ā$615
š¹ Major Resistance Zone: $670
š¹ Key Support Zone: $550 ā If lost, $500 is the next major area to watch.
š Market Snapshot:
BNBās trend remains indecisive but is now leaning bearish again.
Without reclaiming $600+, bulls may struggle to push forward.
MACD crossover is bearish, while RSI is starting to break structure ā short-term caution warranted.
š§ Pro Tip from CryptoPulsee:
āBNB thrives in high-volume rallies ā but this isnāt one. Wait for confirmation, not just hope.ā
#BNBUpdate #BNBUSDT #MACDAnalysis #CZ #CZBİNANCE