📉 BNB/USDT – Breakout confirmed! And now?
The 4H chart has just confirmed the breakout of the upward trend line that has been in place since $675. The drop accelerated after losing the support region between $800 and $780.
🛠️ Technical points:
MA7 and MA25 are sloping downwards (sign of selling pressure);
The price broke the LTA and is now testing MA99 (770.72) as the last short-term support;
The low in the last 24 hours was $770.16, very close to MA99.
⚠️ If it loses $770 with volume, it opens up space for a possible drop to $744 or even $715.
👁️ My view:
The short-term trend has turned bearish. Losing MA99 could accelerate more liquidations. Now is the time to observe reactions in this support zone. Possible selling opportunity on pullbacks.
💬 And you, are you waiting for a lower bottom or a quick recovery?
Will $BNB depreciate?
