📉 Technical Analysis for the Pair $BNB /USD — Bearish Structure Under Pressure
Binance Coin (BNB/USD) is currently trading around $622, showing clear signs of technical weakness, with repeated failures to break resistance levels, reflecting ongoing selling pressure in the short term.
🔹 Key Technical Points:
• Price below key moving averages
• RSI and MACD indicate negative momentum
• Immediate resistance at $630, followed by the area of $640 – $644
• Strong support between $615 – $620
• A break below $615 could push the price towards $600 as a structural support level
🎯 Potential Scenarios:
🔻 Bearish Scenario:
If the price fails to exceed $630, we may see a gradual drop towards $615, with the possibility of extending the correction down to $600.
🔺 Conditional Bullish Reversal Scenario:
A clear breakout above $630 with increased volume could open the door to test levels of $642 – $650.
📌 Trading Strategy:
• Set a stop loss below $615 to manage risk
• Monitor price action at support — only enter after confirmation signals appear
• Keep an eye on macroeconomic indicators and Bitcoin movement to gauge overall momentum
⛔️ Conclusion:
The market leans negative unless resistance at $630 is broken. Staying below this level could keep the price vulnerable to a drop towards $600. Beware of rushing and focus on confirmation signals. $BNB