$BNB

BNB Short-Term Analysis: Fibonacci Retracement and Funding Rate Near Neutral

The price of BNB sharply declined on December 11, with a notable increase in trading volume during the hour. The cryptocurrency tested the Fibonacci range of 0.5-0.618 again, with a support level near $860. Derivative contracts show funding rates that are nearly neutral at 0, indicating a cautious sentiment with a slight upward tilt. A rebound towards $890 may occur if support holds strong. In the case of a breakout, it would require four 4-hour candles below $1.98, and the $840 level may be tested as a minimum. (AI analysis, not investment advice, valid for one to two days).