$BNB Update: Technical Snapshot 📉📊

$BNB has dipped below $760, entering a short-term consolidation phase.

RSI is hovering around 45–48, indicating weak bullish momentum but not oversold—there’s still room for movement either way.

On Moving Averages:

Price is below the 20-day MA, which now acts as short-term resistance

The 50-day MA remains upward sloping → medium-term trend still bullish

200-day MA is far below, confirming long-term strength

Key levels to watch:

Support: $740–$750 (immediate), $700–$720 (major)

Resistance: $780, then $800

Overall, this looks like a cooldown within an uptrend, not a confirmed reversal. A bounce from support or RSI reclaiming 50 could signal recovery, while a break below $700 would increase downside risk.

Trade smart and manage risk.