$BNB Near Key Resistance – Bullish or Reversal?
1. Current Price & Trend
Price: $890.68
24H Range: High $900.71, Low $857.52
Trend: Bullish continuation after a strong upward move.
Change: +3.06% (indicating buying pressure).
2. Key Levels
Immediate Resistance:
$900.71 (recent high, strong resistance zone)
$911.99 (next resistance if breakout occurs)
Immediate Support:
$862.39 (recent local support)
$812.80 (stronger support zone)
$763.21 (previous consolidation area)
3. Moving Averages
MA(5): 291,984.870 (short-term, bullish crossover)
MA(10): 281,787.999
Observation:
Short-term MA(5) is above MA(10), which confirms a bullish trend.
Price is trading well above both MAs, indicating strong momentum.
4. Volume Analysis
Recent candles show increased green volume bars, supporting the bullish breakout attempt.
If upcoming candles continue with high green volume, breakout above $900.71 is likely.
5. RSI (Relative Strength Index)
Current RSI(6): 65.24
Interpretation:
RSI is below 70 (not yet overbought, but nearing the zone).
Indicates strong buying pressure but still room for upward move.
6. Market Structure
Pattern: Higher highs and higher lows → Clear uptrend structure.
Breakout Point: $900.71 → If broken with volume, the next target could be $911.99, then the psychological level $950–1000.
Failure Point: If the price fails to break $900.71 and closes below $862, expect a correction toward $812 zone.
7. Key Indicators Summary
Trend: Bullish
Momentum: Strong (RSI near 65, positive volume)
Support/Resistance:
Support: $862 → $812
Resistance: $900.71 → $911.99 → $950
✅ Trading Plan.
Bullish Scenario (Breakout):
Entry: Above $902 (confirmed breakout with volume)
Targets: $911 → $950 → $1000
Stop-Loss: Below $862
Bearish Scenario (Rejection):
If the price fails at $900 and RSI starts dropping, short entry is possible around $890
Target: $862 → $812
Stop-Loss: Above