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Bullish
🔄 BNB Dips After Strong Rally — Healthy Pullback or Start of a Deeper Correction? 🧐📉
BNB is reversing gains from $860. Price is encountering obstacles at $820 and may drop to $788.
BNB is reversing gains below $820.
The price is below $810 and the 100-hourly SMA.
The hourly BNB/USD chart shows a bullish trend line with support near $800.
To rise soon, the pair needs hold above $788.
BNB Price Cuts Gains
BNB price failed to break $860 after a steady rise. Ethereum and Bitcoin corrected below $850 and $680.
Lower than $840, the price tested $800. The upward run from the $744 swing low to the $861 high fell below the 23.6% Fib retracement line. Bulls are around $800 support.
On the hourly BNB/USD chart, a bullish trend line with support at $800 is formed. The price is below $810 and the 100-hourly SMA.
The price may encounter resistance at $810 on the upside. Near $820 is the next resistance. A decisive break over $820 might boost prices. In this situation, BNB may reach $845. A closing above $845 barrier might lead to a surge above $860. More gains may challenge $880 soon.
More Losses?
BNB may fall again if it fails to break $820. Initial downward support is at $800. Near $788 is the next important support.
The major support is $770. If the price breaks below $770, it might fall below $750. More losses might cause a drop to $735.
Tech Indicators
The BNB/USD MACD is moving bearishly.
Hourly RSI (Relative Strength Index): BNB/USD is below 50.
Major Support Levels: $800, $788.
Major resistance levels: $810, $820.
#BNBATH #BinanceHODLerTree #bnb $BNB
BNB is reversing gains from $860. Price is encountering obstacles at $820 and may drop to $788.
BNB is reversing gains below $820.
The price is below $810 and the 100-hourly SMA.
The hourly BNB/USD chart shows a bullish trend line with support near $800.
To rise soon, the pair needs hold above $788.
BNB Price Cuts Gains
BNB price failed to break $860 after a steady rise. Ethereum and Bitcoin corrected below $850 and $680.
Lower than $840, the price tested $800. The upward run from the $744 swing low to the $861 high fell below the 23.6% Fib retracement line. Bulls are around $800 support.
On the hourly BNB/USD chart, a bullish trend line with support at $800 is formed. The price is below $810 and the 100-hourly SMA.
The price may encounter resistance at $810 on the upside. Near $820 is the next resistance. A decisive break over $820 might boost prices. In this situation, BNB may reach $845. A closing above $845 barrier might lead to a surge above $860. More gains may challenge $880 soon.
More Losses?
BNB may fall again if it fails to break $820. Initial downward support is at $800. Near $788 is the next important support.
The major support is $770. If the price breaks below $770, it might fall below $750. More losses might cause a drop to $735.
Tech Indicators
The BNB/USD MACD is moving bearishly.
Hourly RSI (Relative Strength Index): BNB/USD is below 50.
Major Support Levels: $800, $788.
Major resistance levels: $810, $820.
#BNBATH #BinanceHODLerTree #bnb $BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
