💥💥💥 Technical Analysis of BNB on December 16 💰💰💰
The sideways trading in the narrow range of $BNB has been resolved in a downward direction, signaling a slight advantage for the bears.
Sellers will aim to pull the price down to the key support level of 791 USD, which is a crucial support level to watch. If this level is breached, the BNB/USDT pair will resume the downward trend towards the next support area at 730 USD.
Conversely, if the BNB price strongly rebounds from the 791 USD support and breaks above the 20-day EMA at 888 USD, it indicates that the currency pair may form a range. The price may fluctuate between 791 and 1,020 USD over the next few days.
BNBUSDT
Perp
869.29
+1.06%