After peaking near $1,375, $BNB has entered a healthy consolidation phase, cooling off after its parabolic rally. This sideways action shows the market is repricing before the next breakout, the macro uptrend remains intact!
š Key Technical Insights
š MACD: Currently -7.87, with the line below the signal ā short-term bearish pressure, likely a support retest before any major rally.
š Moving Averages:
MA(7): $1,107 ā Immediate resistance
MA(25): $1,140 ā Key breakout level
MA(99): $962 ā Strong long-term support keeping the bullish structure alive
šÆ Critical Levels to Watch:
š¢ Support / Buy Zones
S1: $1,040ā$1,060 ā Near-term support cluster
S2: $960ā$1,000 ā Strong accumulation zone (aligned with MA(99))
S3 (SL): Below $860 ā Structure invalidation zone
š“ Resistance / Take-Profit Targets
R1: $1,150 ā Breakout confirmation level
T1: $1,280ā$1,300 ā Mid-term target
T2: $1,375ā$1,400 ā Major resistance & ATH retest zone
BNB is recharging for its next move, patience here could pay off massively once momentum reignites š„š
