$BNB Market Update $BNB /USDT

BNB has attempted to break through the $850 barrier once again but has encountered a strong correction. After reaching a high of around $848, the price has sharply decreased to $835, indicating notable selling activity near the peak.

Key Levels to Watch

Resistance: $850 continues to hinder upward movements, acting as a major obstacle.

Support: $830 is the immediate safety net. If it drops below this level, it could open the door to $810.

Market Momentum

Sellers are currently dominant after being rejected, although short recoveries may still occur if $830 holds.

Trader's Insight

The current trend leans towards bearish. Cautious traders may consider waiting for a decisive move, either a breakout above $850 to confirm the bullish trend or a drop below $830 to follow the bearish trend.