📉 BNB Update – A cooling phase or accumulation before the breakout?
🕯️ Technical analysis from the candles:
Drop after peak $861.10: The recent candles show a moderate decline after reaching the highest price, indicating a natural profit-taking after a bullish wave.
Short body red candles: These indicate hesitation in selling, not panic… The market is breathing after strong buying pressure!
Clear lower shadows on some candles: Signals that there are buyers at every dip – accumulation, not liquidation.
Moving average indicators (MA):
▪️ The price is currently above MA25 and MA99.
▪️ MA25 acts as dynamic support – as long as the price is above it, the upward trend is still intact.
Trading volume: Notable decline with the correction, which is a positive sign… A correction without mass panic is considered healthy.
🔍 Market psychological reading:
The street thinks that BNB is crashing… but the whales are buying quietly.
The price action and current candles hint at a "re-accumulation" phase after a strong bullish wave.
🎯 Advice for followers:
Watch the next candle closely.
▪️ Break above $830 with high volume = Signal for continued rise.
▪️ Breaking MA25 (around $810) = Could lead to a wider correction wave.
💬 Question for you: Do you see this as a healthy correction or the beginning of a reversal? Share your thoughts in the comments.
