BNB short- and medium-term moving averages are converging to form support, the 4-hour moving averages are in a bullish arrangement, still showing upward momentum. However, it is currently near the top of the range with resistance, and the MACD is also near the 0 axis with pressure. Most likely, it will encounter resistance and consolidate around the 928 level before attempting a breakout. From the Fibonacci perspective, 928 coincides with the 23.6% retracement level. Unless there is positive news or catalysts, a direct breakout is less likely.
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BNB short- and medium-term moving averages are converging to form support, the 4-hour moving averages are in a bullish arrangement, still showing upward momentum. However, it is currently near the top of the range with resistance, and the MACD is also near the 0 axis with pressure. Most likely, it will encounter resistance and consolidate around the 928 level before attempting a breakout. From the Fibonacci perspective, 928 coincides with the 23.6% retracement level. Unless there is positive news or catalysts, a direct breakout is less likely.
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