$BNB /USDT – Bearish Correction and Downtrend
Current Price: 796.68
Timeframe: 15m
24h High: 819.44
24h Low: 796.06
BNB has experienced a significant drop after reaching recent highs, now falling back down to the $800 level. The bears have taken control, pulling the price down as they attempt to fill the gap. This downward movement suggests that the recent bullish momentum is being countered by selling pressure, leading to a correction phase.
The price is currently testing the $800 support level. If this level holds, we may see a potential bounce or consolidation. However, if the bears break below this support, the price could drop further, with the next support target potentially being near $795 or lower.
Traders should remain cautious and wait for confirmation of either a reversal or further downside. If the price manages to hold above $800, there could be an opportunity for a recovery. Otherwise, be prepared for more bearish action as the market fills the gap.