Simplified Technical Analysis BNB
Analysis over the past 48 hours:
BNB bounced from a strong support level of around $750, and the price recently rose to approximately $770, supported by strong buying activity in the market. However, the MACD indicator suggested a potential short-term correction despite the overall upward momentum.
Short-term outlook:
Technically, the coin faces significant resistance in the $770-800 range, and breaking it may pave the way for higher levels. However, if the price fails to surpass this resistance, we may witness a retracement towards $750 or lower.
From a general technical perspective, the short-term trend appears to remain positive, but it is wise to monitor any signs of weakening momentum, such as declining trading volume or a retreat in the MACD, which could lead to a temporary price correction.