$BNB BNB/USDT Market Analysis
BNB has dropped from a recent high of $861.10 to a low of $744.69 and is now trading around $756.11. On the 4-hour chart, the trend remains bearish, with lower highs and lower lows forming consistently. The price is below both the 5-day and 10-day moving averages, suggesting continued selling pressure. Volume is also decreasing, indicating weakening momentum from buyers.
The support level at $744.69 is crucial—if BNB holds above this zone, a short-term bounce is possible. However, if it breaks below, the next leg down may begin. Traders should watch for volume confirmation and MA crossovers before entering positions.
Caution is advised, as the market still shows signs of weakness. A strong reversal signal hasn't appeared yet.
