📉 BNB/USDT 4H Chart Analysis – Market Losing Momentum?
🟡 Current Price: $614.22 🔻 Daily Change: -2.18% 🕒 Timeframe: 4-Hour
BNB has recently pulled back after testing a local high around $674.80, signaling clear resistance and the possibility of a trend reversal. The price has now dipped below key short-term moving averages — with the MA(5) at 16,632.62 and MA(10) at 19,688.79, indicating weakening bullish momentum.
💹 Key Observations:
The price has consistently made lower highs and lower lows, showing a short-term bearish structure.
A sharp volume spike during the drop to $637.35 (down -6.30%) hints at panic selling or liquidation.
BNB is now consolidating in a tight range, struggling to reclaim the $620+ zone.
Overall volume remains elevated, showing active participation, but not favoring bulls at the moment.
📊 Long-Term Outlook: Despite the short-term dip, the 1-Year performance remains positive at +4.82%, suggesting that long-term holders still retain confidence in BNB’s value.
🔍 Watch These Levels:
🔼 Resistance: $637, then $660
🔽 Support: $595, critical at $570
🛠️ Strategy Suggestions:
Short-term traders: Consider scalp opportunities between the range of $595–$637. Use tight stop-losses due to volatility.
Long-term investors: Wait for signs of consolidation above $620 or a retest of the $570-$580 demand zone for potential re-entry.
📈 Market Sentiment: Order book data shows 68.73% buying interest, which could mean an upcoming bounce — but caution is warranted until we see a clean breakout
