Technical Analysis – BNB/USDT (1-Hour Timeframe)
Current Price: 636.92 USDT
24h Change: -1.17%
Volume: 230,045 BNB (approx. 148.46M USDT)
1. Market Context (Short-Term)
BNB briefly broke above the key psychological level of 650 USDT, reaching a high of 655.19 USDT, but failed to sustain the breakout. A sharp correction followed, pulling the price back to 634.34 USDT, highlighting significant intraday volatility.
2. Chart Structure
Short-term trend: Bearish
The long upper wick at 655.19 signals strong rejection from the 650–655 USDT resistance zone.
Recent candlesticks are predominantly red, indicating persistent bearish momentum.
3. Key Technical Indicators
Moving Averages:
MA(7): 642.25 (orange)
MA(25): 645.19 (pink)
MA(99): 647.21 (purple)
→ The price is trading below all key moving averages, confirming a short-term bearish bias.
Parabolic SAR:
Dots are positioned above the price, signaling a continuation of the downtrend.
MACD:
A recent bearish crossover has occurred.
The histogram is shrinking, indicating waning bullish momentum.
KDJ (used as RSI proxy):
K: 24.79, D: 36.29 → Indicates an oversold condition, though no bullish divergence is currently confirmed.
A technical rebound remains uncertain at this stage.
Volume:
A surge in selling volume during the drop confirms the strength of the bearish move.
No signs of capitulation yet — the downtrend could persist.
4. Key Levels to Watch
Immediate support: 634.34 USDT (recent low)
Secondary support: 625 USDT (psychological level)
Resistance levels:
645 USDT (MA25)
650–655 USDT (rejection zone + MA99)
5. Potential Scenarios
Bearish Scenario (More Likely):
Rejection below all MAs, combined with strong selling pressure and rising volume, increases the likelihood of a breakdown below 634.34 USDT.
If confirmed, the next targets lie at 625 USDT and potentially 610 USDT in the short term.
Bullish Scenario (Less Likely):
If the 634 USDT support holds and buying interest increases, a rebound toward 645–647 USDT could occur.
A confirmed breakout above the MA25 would open the door to retest 650 USDT.
Conclusion
BNB is undergoing a correction following a failed bullish breakout.
The short-term outlook remains bearish, unless a clear reversal signal emerges.
Cautious traders should await either a confirmed rebound or a decisive breakdown before making entry decisions.