Binance Coin (#bnb )

Binance Coin hit a historic high of $883 yesterday, becoming the undisputed champion of the week. Subsequently, the asset entered a correction phase and has now fallen back to levels similar to last week.

The current support level is at $830, which has been tested and confirmed multiple times so far. However, if this support level comes under pressure again, it could be a sign of weakness, as the sellers' resolve is strengthening.

Looking ahead, for BNB to seize the recent rebound opportunity, it must hold this position. Otherwise, bears will take advantage and push it into a more severe correction. Even so, as long as the price remains above $800, the candlestick chart still appears bullish.