$BNB

If you are tracking BNB and wondering whether BNB will be able to recover, then this analysis is for you. As we go through the analysis, we explore different patterns and RSI and MACD reactions to them. As BNB shows extreme bearish sentiment, we could determine the BNB trend in future trading sessions. Without any further delay, let’s dive into BNB price analysis and find out what’s going on in the BNB price today.

BNB Price Analysis of the Last 24 Hours

At 01:20 UTC, RSI indicated an oversold market condition as BNB was already moving downward inside a downward-moving channel. At 06:10 UTC, RSI again indicated an oversold market condition, suggesting a reversal or a pullback. The pullback came in the form of a range. The range broke out to the downside at 10:05 UTC, further corroborated by a death cross in MACD; at the same time, the price formed a spike. At 10:40 UTC, RSI again dropped below the level of 30, indicating a reversal or pullback.