Dont Forget to buy the deep
BNB/USDT is currently trading at $656.23, reflecting a 1.67% drop over the past 24 hours. The 24-hour price range shows a high of $669.93 and a low of $651.91, suggesting mild volatility during the trading session. The price is hovering slightly above the daily low, indicating some short-term buying interest. However, BNB remains below key moving averages: the 7-day MA ($658.04), 25-day MA ($663.71), and 99-day MA ($662.85), signaling bearish sentiment in both the short and medium term. The Relative Strength Index (RSI) is at 37.40, which suggests the asset is nearing oversold territory but not quite there yet, allowing room for either further declines or a minor rebound. Trading volume is healthy at 4.30M BNB, with activity indicating consistent market participation. Looking at the broader timeframe, BNB shows a 12.02% gain over the past 90 days, while performance over the past 30 days is flat (-0.59%) and short-term movements (7-day) are only slightly positive (+0.29%). The RSI and recent price rebound from the support at $651.91 could indicate a short-term recovery attempt. However, failure to break above the $659–$664 resistance zone may lead to further downside pressure.