Analysis of BNB / USDT
The BNB currency, after dropping from a peak of 1400, is currently testing an important support area around 830 – 860, which is the same area that held the price before the big rise began. At this stage, the movement has become weaker, and we are seeing fluctuations above this support without any clear breakthrough.
If the price can maintain around 850, there is a possibility we will see an attempt to rise towards:
950 – 1000 as the first resistance area
This area will determine whether the movement will turn into a real rise or just a correction.
However, if there is a clear break below the 830 level with a weekly close, this indicates an extension of the decline, and the next target will be at 700 – 720
This is a strong demand area present from the previous movement.
