$BNB
Hey Binance, quick weekly update on BNB/USDT—sitting at around $884 right now, down a bit today.
Looking at the on the weekly chart, we're still holding well above that long-term MA(99) around $667, so the overall uptrend from earlier this year isn't broken yet. But yeah, price has slipped below the shorter MAs (MA7 ~$929 and MA25 ~$913), and momentum feels heavy—MACD is in the red, and RSI is dipping toward 39, getting close to oversold territory.
Volume's pretty quiet compared to recent weeks, which usually means we're in consolidation mode rather than full panic. On the order flow side, whales have been net sellers over the past 5 days, but I'm seeing some decent buying from medium and smaller traders around these $880 levels—it feels like retail is quietly stacking.
Key spots I'm watching:
- Upside: need to reclaim $913–$929 to flip the script back to bullish
- Downside: $880 is the immediate line in the sand, then the big one at $667 if things get ugly.
Honestly, after the monster run earlier in 2025 (remember that $1,417 high?), this pullback isn't surprising. As long as we stay above $667, I'm still viewing this as healthy breathing room rather than a trend reversal.
What do you think—accumulation zone or waiting for more confirmation? Drop your thoughts! 👇
