$BNB / USDT – Accurate Technical Analysis: Resumption of Buying Pressure After Testing a Key Support
After testing the critical support level at $792 for BNB, we witnessed a strong and rapid rebound reflecting buyers' control over the market, as it is currently trading above the $810 level. This behavior confirms the persistence of positive momentum and the speculators' desire to push the price upward.
From a technical perspective, maintaining the price above $805 represents a critical point that paves the way for achieving subsequent resistance levels at $820, $828, and $835. Exceeding the resistance at $828 represents a significant breakout that may open the door for a new attempt to record historic price levels.
In terms of risk management, it is recommended to place a stop-loss order below $800 as a defensive line against any sudden downward movements. It is also advised to monitor trading volume, as an increase in volume alongside upward movements is a strong indicator of the sustainability of buying momentum.
