$BNB /USDT – Daily (1D) Technical Outlook

From the chart you shared:

Current Price: ~842.8

Trend: Short-term bearish / corrective, medium-term still under pressure.

🔍 Key Observations

Price below major MAs:

MA(7): ~851

MA(25): ~872

MA(99): ~992

➜ Strong sign that sellers are in control on the daily timeframe.

Lower highs & lower lows structure after rejection near 940–915 zone.

Volume: Recent sell-off had volume expansion → confirms bearish momentum, but current volume is cooling (possible consolidation).

📉 Support Zones

840–835 → Immediate support (currently testing)

826–820 → Strong daily support

800–790 → Major demand zone (previous wick low)

📈 Resistance Zones

850–855 → First resistance (MA7)

870–875 → Key resistance (MA25)

900–915 → Major supply zone

🧭 Scenarios

Bearish Continuation (more likely):

Daily close below 835 → downside toward 820 → 800

Short-term Relief Bounce:

Hold above 835 → bounce toward 850–870

Expect strong selling pressure near 872

🧠 Trading Bias

Spot: Accumulation only near strong supports (820–800), not at mid-range

Short-term trades: Prefer sell on rallies below 870

Trend flips bullish only if: Daily close above 900

If you want, I can also:

Mark exact entry/SL/TP levels

Do a 4H or 1H breakdown

Compare with BTC dominance impact on BNB

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