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Current price ~ US $913.26. According to daily technical indicators: Moving averages → Strong Sell. RSI (14-day) ~ 38.6 → indicates the market is somewhat oversold but no strong buy signal. Support zone appears in the ~US $900-US $915 range. Resistance near ~US $935 and then ~US $1,000 according to pivot/MA levels. Trend & Outlook Short-term: The bias is bearish to neutral. Daily indicators favour selling; price is below many key moving averages. Mid-term (weekly): Trend still shows strength — the 200-day MA is sloping upward, which is a bullish backdrop. Key level to watch: Above ~US $935 could open the door for a move toward ~US $1,000. If price breaks below ~US $900 decisively, further downside to ~US $860-US $880 possible. My Take If I were placing a short-term trade: I’d wait for a clear break above ~US $935 to consider a bullish entry — with a stop below ~US $900. If bearish scenario plays, a breakdown below ~US $900 might be an entry for downside, with potential target ~~US $860. Because the weekly trend remains positive, any sharp drop might be bought, so risk management is key. > Disclaimer: This is not financial advice. Cryptocurrencies are highly volatile. Do your own research before trading. Would you like me to pull/chart the live BNB chart data (with more granularity) or compare it to another altcoin?#bnb #MarketPullback #BNB_Market_Update
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Current price ~ US $913.26. According to daily technical indicators: Moving averages → Strong Sell. RSI (14-day) ~ 38.6 → indicates the market is somewhat oversold but no strong buy signal. Support zone appears in the ~US $900-US $915 range. Resistance near ~US $935 and then ~US $1,000 according to pivot/MA levels. Trend & Outlook Short-term: The bias is bearish to neutral. Daily indicators favour selling; price is below many key moving averages. Mid-term (weekly): Trend still shows strength — the 200-day MA is sloping upward, which is a bullish backdrop. Key level to watch: Above ~US $935 could open the door for a move toward ~US $1,000. If price breaks below ~US $900 decisively, further downside to ~US $860-US $880 possible. My Take If I were placing a short-term trade: I’d wait for a clear break above ~US $935 to consider a bullish entry — with a stop below ~US $900. If bearish scenario plays, a breakdown below ~US $900 might be an entry for downside, with potential target ~~US $860. Because the weekly trend remains positive, any sharp drop might be bought, so risk management is key. > Disclaimer: This is not financial advice. Cryptocurrencies are highly volatile. Do your own research before trading. Would you like me to pull/chart the live #BNB chart data (with more granularity) or compare it to another altcoin?
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