$BNB /USDT TECHNICAL ANALYSIS: BEARISH PRESSURE DOMINATES
BNB is currently trading at 1,076.23 (~Rs303,862.78), showing a -3.36% decline. The price has broken below immediate support levels, signaling increased selling pressure. The downtrend aligns with broader market weakness, as BTC and ETH are also trading lower. Short-term momentum indicators suggest bearish continuation unless buyers step in near key support zones around 1,050–1,060.
Key Levels:
Support: 1,050 / 1,060
Resistance: 1,100 / 1,120
Trend: Bearish, momentum favors sellers
Traders should monitor BTC’s movements (~108,508.11, -2.18%) as BNB often mirrors Bitcoin’s trend. A recovery above 1,100 could trigger a short-term rebound, but persistent market pressure suggests cautious positioning.
Targets:
1. Short-term: 1,050 (support test)
2. Medium-term: 1,020 (bearish continuation)
3. Upside breakout: 1,120 (resistance challenge)
Market Sentiment: Bearish, with potential for minor pullbacks.
