Technical analysis of BNB/USD

#BNB_Market_Update #BNB走势 #Binance #CryptoNewss

Current trend: BNB (Binance Coin) shows an overall bullish trend in recent days, although a short-term correction is visible. The current price is 817.92 USDT, down -3.96% over the last 24 hours, after reaching a recent peak of 861.10 USDT.

📈 Key technical indicators:

Moving averages:

MA(7): 827.03 → the price has just broken below this short average, suggesting a possible exhaustion of the bullish momentum.

MA(25): 789.28 → still acting as support, confirms the underlying bullish trend.

MA(99): 705.80 → very distant, indicates the strong bullish impulse over several weeks.

Volume: gradual decline in volume after a peak around July 21, which could indicate a slowdown in buying momentum.

Performance:

Over 30 days: +26.07%

Over 90 days: +36.45%

📉 Likely short-term correction: After reaching 861 USDT, a series of red candles with decreasing volume indicates a pullback or profit-taking. An important support level could be around 790 to 800 USDT, where MA(25) could play its role.

📊 Short-term forecast (1 to 2 weeks):

"BNB seems to be entering a consolidation phase after a marked rally. If the support at 790 USDT holds, a rebound towards 850 USDT is possible. On the other hand, a clear break below this level could lead to a pullback towards 750 USDT. The underlying trend remains bullish, but it should be closely monitored in case of reversal below the moving averages."

After flirting with 861$, the #BNB is gently correcting towards 817$ (-3.9%). Despite this pullback, the bullish trend remains intact over the medium term. 📊

📌 Key supports: 790$ – 750$

📌 Resistances to watch: 850$ – 870$

📉 Decreasing volume = likely consolidation in the short term.

📈 As long as the price remains above 789$, the momentum remains positive.