Hello everyone! While the market is in turmoil, let's take a closer look at one of the leaders — BNB. The coin has proven to be quite resilient, but it has not withstood the overall wave of selling. Let's analyze what the chart says.
Current situation on the chart:
· Price: $942.15, which is slightly above the important support level.
· Key support level: $908.00 (24h Low) — this is a critically important zone. As long as the price stays above it, there are chances for a rebound.
· Resistance: The nearest resistance is the middle line of Bollinger (MB) ~$1010, and then the upper band (UP) ~$1150.
What do the indicators say:
· BOLL (20,2): The price is at the lower part of the band, near the lower boundary (DN ~$870). This is a classic sign of oversold conditions, which often precedes a corrective rebound.
· MACD (12,26,9): The situation is interesting. The histogram (MACD) is negative (-6.33), but the main thing is that the DIF and DEA lines have started to converge. This could be the first signal of a slowing bearish trend and a possible reversal.
Is it worth buying now?
Let's consider two strategies:
1. For conservative traders (WAITING):
· The overall market has not stabilized yet. As long as BTC does not determine its direction, it is better to be patient.
· The ideal entry point would be a confident rebound and consolidation above the middle line of Bollinger (~$1010). This would confirm the strength of buyers.
· Breaking the level of $908 down will open the way for further decline, possibly to $870.
2. For aggressive traders (BUYING THE DIP):
· The current price at the lower boundary of Bollinger Bands is a great reason to look for an entry for those who believe in $BNB .
· BNB — not an ordinary altcoin, but a token of the largest exchange with its own strong ecosystem, which gives it stability.
· You might consider buying a part of the position here, but strictly with a stop-loss below $900-905. It’s better to buy the main amount when overcoming the resistance of $1010.
My opinion:
BNB looks more preferable than many altcoins in this situation. Signs of oversold conditions and the convergence of MACD hint at a potential rebound. However, blind buying 'the dip' is still risky due to the overall market nervousness.
Conclusion: I wouldn’t rush. The key moment now is the price behavior at the support of $908. If it holds and we see the formation of a bullish candle with increasing volumes — this will be a strong signal to buy. For now, I would observe and wait for a clearer signal.
What do you think? Will BNB weather the storm better than others?
