Market Analsis of BNB/usdt:
At the moment, BNB changes hands around 1084.60, showing slight weakness after failing to hold above 1100. The price is moving slightly below the short-term moving averages, which indicates mild bearish pressure in the short term. To the downside, the nearest support level is at 1071, which also forms the 24-hour low. A stronger one lies near 1043-the previous swing low-where buyers previously entered the market to drive prices upwards. If the price falls below this level, it could trigger further downside toward the 1020–1000 zone.
On the upside, resistance levels are near 1103–1105, viewed in proximity to the 99-period moving average, acting as the first barrier for bulls. The next resistance zone is around 1128–1130, a previous area where price faced selling pressure, followed by the major resistance at 1182, which represents the recent high. To regain upward momentum, BNB needs to close firmly above 1105, which could open the path toward 1130 and potentially 1180.
Overall, the trend appears sideways to slightly bearish as buyers have been defending key support zones while failing to break through resistance. If BNB stays above 1070, consolidation can continue; however, a break below this level could invite more selling. Conversely, any new highs above 1105 will indicate renewed bullish strength and a possible retest of the upper resistance levels.
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