$BNB initial increase colliding with pressure
reduction
The reaction shows that the supply returns to the market with caution about the possibility of continuation.
1 Technical perspective:
• Model: A downward adjustment cluster appears from a completed descending wedge bottom, meeting a long-standing cross ceiling.
• Trend: Sellers may regain momentum if the recovery momentum loses steam under the compressing resistance structure.
• Important Levels: The 930-950 zone is the decisive ceiling, while 840-820 forms the expected reaction zone if momentum weakens.
A solid closure above the resistance trend line will weaken the adjustment outlook and challenge bearish expectations.
BNB
872.97
+2.02%