📈 Chart Check: What Do These Moving Averages Mean for BNB?
Okay, traders, let's talk technicals on that BNB/USDT chart. The $903.40 price point is critical! Notice how the price successfully used the MA(7) at $893.66 (the yellow line) as immediate support before the final push.
Crucially, the short-term MA(7) has crossed above the longer-term MA(25) at $875.14, a classic golden cross signal on a smaller scale, suggesting short-term strength. The real challenge is breaking and holding above that $904.86 resistance level we just tagged. Keep an eye on the volume; if it stays high, we could see a strong follow-through!
BNBUSDT
Perp
896.67
-0.05%
#TechnicalAnalysis #MAStrategy #CryptoTrading #BNBChain #GoldenCross
