$BNB
1. Trend:
BNB is currently in a downtrend if it’s consistently making lower highs and lower lows on the 4H or daily chart.
2. Moving Averages:
If the BNB price is below the 50-day or 200-day EMA/SMA, it confirms bearish sentiment.
3. RSI (Relative Strength Index):
If RSI is below 50, especially near or below 30, it shows bearish pressure or possible oversold conditions.
4. MACD (Moving Average Convergence Divergence):
If the MACD line is below the signal line, it’s a bearish sign.
5. Support/Resistance:
BNB may have broken key support (e.g., $540 or $510). If it’s trading below those zones, downside can extend.
6. Volume:
A decline in volume during upward moves and increase during sell-offs suggests sellers are in control.