$BNB ๐จ BNB/USDT Price Action Update! ๐จ
๐ Current Price: $760.87
๐ 4H Timeframe Analysis
BNB is dancing on a critical support zone near $744, which recently held strong and caused a minor bounce. ๐ก๏ธ๐
This level has proven to be a temporary floor as bulls attempt to regain control.
๐ Support Levels:
๐น $744.69 โ Immediate support (24H Low)
๐น $738 โ Strong historical demand zone
๐ Resistance Zones:
๐ธ $767 (EMA 7) โ First short-term resistance
๐ธ $786 (EMA 25) โ Mid-term resistance
๐ธ $770 (EMA 99) โ Key level to flip bullish again
๐ Indicators:
๐ MACD still bearish, but momentum is slowing
๐ก EMAs are acting as dynamic resistance โ price needs to break above these to fuel a move upward
๐ Red arrow signals potential breakout if BNB can reclaim $770+ zone
๐ If bulls push above the $770 - $786 zone with volume, we could see a rally toward $815 - $841 ๐ฏ
However, if support at $744 breaks, a deeper correction to $720 or lower may occur.
Stay sharp and manage risk! ๐ง ๐ผ
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