Analysis
Analysis $BNB
Price and EMA: The price of 815.11 USD has broken down and is clearly below all significant EMA lines (7, 25, 99, 200). This is an extremely negative technical sign, confirming a strong downtrend on the daily timeframe.
Death Cross: The major downtrend is reinforced when the short-term EMA lines are below the long-term lines (although a clear Death Cross between the EMA 50/200 is not yet seen in the picture, the fact that the price is below $EMA 200 \approx 882.80$ is sufficient to confirm the downtrend).
Volume: The bearish candle has a high Volume (10.05% in 24h), indicating that selling pressure is dominant and there is significant participation of large capital in pushing the price down.
MACD: The MACD indicator is at a deep negative level and continues to diverge downward ($-49.27$), indicating that the downward momentum is accelerating and there are no signs of any short-term reversal yet.
➜ Conclusion: BNB is in a deep downtrend (Strong Bearish Trend) with very strong selling pressure, confirmed by the price being below the EMAs and the deep negative MACD indicator.