BNB is currently trading around $861, and the market feels cautious rather than panicked. After the sharp drop toward $840, buyers stepped in quickly, showing that demand still exists at lower levels. That bounce tells me sellers are losing momentum, but bulls are not in full control yet.
BNB price is still trading below the 25 & 99 MA, which keeps the broader bias slightly bearish. However, the short-term MA(7) is trying to curl up, hinting at a potential relief move if volume supports it.
Key Levels to watch for know.
Support zone: $845–850
Immediate resistance: $870–878
Major resistance: $885–900
My own Trade Perspective:
Aggressive longs only make sense near $845–850 with tight risk.
Conservative traders should wait for a clean break and hold above $880.
If $845 fails, downside could extend toward $830.
Always do your own risk analysis and research before going for any trade.
BNB
859.35
-0.85%