📉 Why is the price of Binance Coin (BNB) dropping after reaching its all-time high?
After BNB surpassed the $800 barrier, signs of weakness appeared in the market:
Key technical points:
⚠️ Critical resistance: $800 represents the current peak, and the failure of the price to hold above it indicates weakness in buying power.
📉 Decrease in trading volume: A decrease in trading volume indicates a decline in buyer interest.
🎯 Downward targets: If the price fails to stay above $800, it may head towards the Point of Control and then the Value Area Low.
Upcoming forecasts:
⬇️ Closing below $800 in the upcoming sessions increases the likelihood of a temporary drop.
⬆️ Regaining price above $800 with strong trading volume may negate the bearish scenario.
🤔 Do you think BNB will regain its strength soon or will we witness a larger correction?
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