Technical Analysis $BNB 📈
🌊 BNB/USDT: Resistance Near $986 and Possible Retracement to EMA(25) 📉
BNB has attempted an upward move, but seems to be facing strong resistance near the maximum of $986.55.
1. Current Price: $977.74 (in the screenshot).
2. EMA: The price was rejected from $986.55. The EMA(7) and EMA(25) ($969.62) act as dynamic supports.
3. MACD: The MACD is in the process of a bearish crossover (DIF falling towards DEA), indicating a decrease in bullish momentum and selling pressure.
4. Conclusion: BNB has a consolidation bias with a risk of retracement. The inability to break $986.55 and the bearish signal from the MACD suggest that a retracement towards the $970 area is possible.