The recent trend of BNB is pretty good - currently hovering around 859, firmly standing above the 7-day, 25-day, and 99-hour moving averages (at 857.6, 853.9, and 847.7 respectively), and from the candlestick perspective, it looks somewhat optimistic.
Looking up, if it can break through the range of 870-880 (close to the recent high), it may try the position of 890-900 later. However, we cannot be too complacent at the moment.
The immediate support below is in the range of 852-846, and if it goes lower, there is a more solid support at 818. The trading volume has surged past a peak earlier and is now maintaining at a moderate level. To continue the upward trend, sustained buying pressure is needed, and a strong breakout above 870-880 is essential; otherwise, the probability of repeated fluctuations is also considerable.
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MevSandwich
· 12h ago
870 not breaking is just a short positions trap, don't blame me for not reminding you later.
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GateUser-0717ab66
· 12h ago
Has 870-880 broken through yet? Otherwise, it will just sideways grind again.
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StablecoinAnxiety
· 12h ago
We really need to break through this hurdle at 870, otherwise we'll keep going in circles here.
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GasFeeSobber
· 13h ago
870-880 can't break, it's just a choppy asset. It looks optimistic but it's all an illusion. I bet five bucks it will pull back to 846.
The recent trend of BNB is pretty good - currently hovering around 859, firmly standing above the 7-day, 25-day, and 99-hour moving averages (at 857.6, 853.9, and 847.7 respectively), and from the candlestick perspective, it looks somewhat optimistic.
Looking up, if it can break through the range of 870-880 (close to the recent high), it may try the position of 890-900 later. However, we cannot be too complacent at the moment.
The immediate support below is in the range of 852-846, and if it goes lower, there is a more solid support at 818. The trading volume has surged past a peak earlier and is now maintaining at a moderate level. To continue the upward trend, sustained buying pressure is needed, and a strong breakout above 870-880 is essential; otherwise, the probability of repeated fluctuations is also considerable.