$BNB Short Analysis (BNB/USDT – 1H Chart)
BNB/USDT is trading around 948.22, showing a short-term bullish breakout followed by consolidation. Price recently spiked to a 24h high near 959.5, driven by a strong bullish candle with high volume, indicating aggressive buying interest.
After the spike, price pulled back and is now moving sideways between ~940–955, suggesting profit-taking and consolidation rather than a trend reversal. The structure still shows higher highs and higher lows, which keeps the short-term trend bullish.
Key levels:
Resistance: 955–960
Support: 940, then 932
If price holds above 940, a retest of 960+ is possible. A breakdown below 940 could lead to a deeper pullback toward 930–935. Volume has cooled after the spike, so the next move will likely depend on renewed buying pressure.
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