BNB is making a comeback after slipping from its recent high of $825, now battling key resistance at $815. The price is holding above $800 and the 100-hour SMA, while a crucial contracting triangle is taking shape on the hourly chart with strong support near $804. For the bulls to keep momentum alive, $792 must hold as a solid base. 📈
🔹 Current Price Action
BNB failed to clear $830 after a steady rise and corrected lower, tracking similar pullbacks in Bitcoin and Ethereum.
Price dipped below $800 to $792 before rebounding.
Recovery has pushed it above the 50% Fib retracement level of the $827 → $792 decline.
Currently trading over $810 and above the 100-hour SMA, with $815 acting as the first major resistance (aligned with the 61.8% Fib retracement level).
A break above $820 could open the door for stronger gains.
🎯 Bullish Targets
Break above $820 could lead to $832.
A daily close above $832 might spark a rally towards $840.
Sustained bullish pressure may test $850 in the near term.
⚠️ Bearish Scenario
If BNB fails to break $815, downside pressure could push it to $804.
Further weakness could retest the $800 support zone.
A decisive break below $792 might accelerate losses towards $780.
Extended selling could even drag price to $768.
📊 Technical Indicators
MACD (Hourly): Trending upward in the positive zone — bullish momentum intact.
RSI (Hourly): Above 50, signaling buyers have the edge.
🛡 Major Support Levels: $804, $792
🚀 Key Resistance Levels: $815, $820