🟡 Is BNB ready to bounce?
📉 Today, Sunday, BNB is trading between $824 and $827, right in the Fibonacci retracement zone of 0.618, considered key for potential bounces.
🔍 What's happening?
- Binance launched a state-backed stablecoin in Kyrgyzstan, using BNB as a reserve.
- The token maintains its position as the 5th largest crypto, with over $127 billion in capitalization.
- Despite the correction, the volume exceeds $3.1 billion, showing institutional interest.
📊 Technical analysis:
- Strong support at $824–$825
- Daily RSI in slightly oversold zone
- Possible reversal if it holds this zone
💭 What do you think?
Is this an entry opportunity or are you expecting more decline?
🧠 Comment your strategy and share this analysis if you found it useful.
BNB #BinanceCoin #CryptoAnalysis #BinanceFeed #Fibonacci #CryptoSunday
