#BNB Quick Market Update — Buy, Hold, or Wait?
BNB is trading around $875, down ~20% in 30 days but still only ~36% below its ATH. This looks more like a normal mid-trend correction than a major breakdown.
🔹 Summary
Long-term trend: still intact (price above 200-day SMA)
Short-term trend: weak (below 30-day MAs, RSI ~39)
Momentum: cooling, not oversold
Sentiment: neutral to slightly positive
🔹 Bullish Points
VanEck filed for a spot BNB ETF (big narrative if approved)
Strong BNB Chain activity (DeFi, gaming, opBNB, Greenfield)
Constant BNB Auto-Burn reduces supply
🔹 Key Levels
Support: $845–$830 (major zone)
If lost → risk toward low $800s / $780
Resistance: $900–$950 (needs breakout for $1,000 target)
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