BNB/USDT, 4H: potential correction after strong impulse
On the 4-hour BNB/USDT chart, a strong bullish trend is evident, with a breakout above $750 and a local high at $809.84. The price has pulled back slightly from the overbought area and is now trading at $789, just below the EMA(7) at $788.35. Indicators point to a potential slowdown: the MACD histogram is narrowing, and RSI(6) dropped from above 70 to 56.73, indicating weakening buying pressure.
Volume peaked during the upward move, suggesting profit-taking by large players near the $800 zone. EMA(25) and EMA(99) are well below the current price ($765.90 and $719.48), making a corrective move toward these levels likely if momentum fades.
Scenario for the near term: if bulls fail to hold the $788–$790 range, a pullback to $765–$750 is likely for support testing. If the price reclaims the $800 level, a continuation toward $830–$850 is possible. Watch the price action near $790 and how RSI behaves going forward.