🔥 BNB Between Correction and Opportunity… Is a$BNB Reversal Near ?
📊 Market Overview :
After reaching an all-time high of $861.10, BNB corrected by 8%, breaking key support zones at $850, $840, and $820. It’s now trading around $794.56, testing a major demand zone.
The battle at the $790–$800 range is intense — will the bulls hold?
📉 Technical Outlook :
• Breaking below $790 = possible drop toward $766
• Reclaiming $810–$815 = bullish momentum revival
• RSI is still below 50, though divergence indicators suggest a potential reversal
• Trading volume spiked +260% during the rejection
• Open Interest surged +33% = rising caution and anticipation
🔥 Strong Fundamentals :
• BNB’s token burn program reduces supply
• Strategic investment by Nano Labs
• Growing institutional adoption
• UK’s Crypto-Asset Reporting Framework adds regulatory clarity
📣 Community Sentiment :
• 85.7% of the community remains bullish
• Long/short ratio at 16.73 – clear bullish dominance
• Key levels to watch:
✅ $815 = confirmed bullish signal
⚠️ $780 = potential breakdown point
🚀 BNB is at a crossroads… Will you buy the fear ?