#MarketPullback
1. Binance Coin (BNB)
Current Price Trend:
BNB dropped from its all-time high near $690 (May 2023) down to around $300-$350 during the recent market pullback, but now it’s showing signs of stabilizing.
Key Support & Resistance:
Support: ~$300 (strong psychological and historical support)
Resistance: ~$400-$420 (previous consolidation zone)
Technical Indicators:
RSI: Recently bottomed near oversold (~30), now moving upwards signaling potential recovery.
MACD: Starting to show bullish crossover indicating momentum shift.
Volume: Increasing on up days, a bullish sign.
2. Algorand (ALGO)
Current Price Trend:
ALGO peaked near $2.3 (March 2023), dropped to about $0.8-$1.0 in the recent pullback. It’s currently attempting a rebound.
Key Support & Resistance:
Support: ~$0.8
Resistance: ~$1.4-$1.5 (previous consolidation and 50-day moving average zone)
Technical Indicators:
RSI: Hovering around 40-50, showing neutral but gaining strength.
MACD: Slightly bullish crossover recently forming.
Volume: Low but steady, could pick up with positive news.
3. Fantom (FTM)
Current Price Trend:
FTM dropped from $3.5 (early 2023) to around $0.9-$1.1 during the pullback. Price has started a slow climb.
Key Support & Resistance:
Support: ~$0.9
Resistance: ~$1.6-$1.8 (previous highs and moving average resistance)
Technical Indicators:
RSI: Recovering from oversold (~30) to around 45-50.
MACD: Flattening and may soon cross bullishly.
Volume: Moderate but needs boost for stronger momentum.
