$BNB

BNB/USDT Technical Analysis – 5-Minute Chart

BNB is currently trading at 681.14 USDT, down 2.33% over the last 24 hours, with a 24h high of 707.54 and a low of 675.30. On the 5-minute chart, the price recently rebounded from the intraday low of 675.30, but the recovery has lost momentum near the MA(99) level at 684.62, indicating potential resistance in that zone. Short-term moving averages MA(7) and MA(25) are converging around the current price, suggesting a period of consolidation or indecision.

Volume spiked during the dip, showing a reaction from buyers, but has since tapered off, indicating weak follow-through. The price action is now ranging between 677.50 and 684.50, with neither bulls nor bears showing dominance.

Performance metrics indicate a mixed trend—short-term losses contrast with strong gains over 30 to 90 days, showing that the longer-term trend remains bullish, but short-term traders should proceed cautiously.

The order book shows strong selling pressure (72.49%), signaling bearish sentiment in the immediate term. A breakout above 684.60 could trigger bullish momentum, while a drop below 675 could extend the downtrend. Traders are advised to wait for confirmation before entering new positions in either direction.