🟡 BNB Dips Below $575 as Momentum Weakens – A Cautionary Signal for Bulls
📆 Date: April 6, 2025
🕒 Timeframe: 1D (Daily Chart)
🔍 Source: TradingView | BNB/USDT (Binance)
📉 BNB is currently trading at $573.90, down -1.14% on the day. It’s moving sideways with a bearish lean, having failed to reclaim the $600 level convincingly.
🔹 MACD Analysis:
MACD Line: 7.68
Signal Line: 10.25
Histogram: Red
Momentum is shifting bearish again, with the MACD line crossing below the signal. Histogram bars are deepening, hinting at potential continuation of downside.
🔹 RSI (Relative Strength Index):
RSI: 53.77
Trending downward, now near neutral territory, showing loss of bullish strength. Still far from oversold, meaning more downside is possible.
🔹 Key Resistance: $600–$615
🔹 Major Resistance Zone: $670
🔹 Key Support Zone: $550 – If lost, $500 is the next major area to watch.
📌 Market Snapshot:
BNB’s trend remains indecisive but is now leaning bearish again.
Without reclaiming $600+, bulls may struggle to push forward.
MACD crossover is bearish, while RSI is starting to break structure — short-term caution warranted.
🧠 Pro Tip from CryptoPulsee:
“BNB thrives in high-volume rallies — but this isn’t one. Wait for confirmation, not just hope.”
