$BNB BNB – The bearish pressure is increasing below the $770 area
A double rejection near $809 was followed by a sharp decline.
The recent recovery faced a halt below the previous support that turned into resistance.
$BNB has lost the key support near $768.84 after failing to maintain the $790–$810 range. The current 4-hour structure shows lower highs and a new low at $742.62, indicating weakness. While a slight bounce occurred, the price is struggling to regain $768. With no strong bullish follow-through and resistance above, the bearish trend towards $740 and $725 remains likely unless bulls step in with significant volume.
Short entry: $764–$768
Targets: $745 / $725
Stop loss: $778
Bearish momentum favors as the structure becomes heavy. Watch for confirmation of the breakdown.
A double rejection near $809 was followed by a sharp decline.
The recent recovery faced a halt below the previous support that turned into resistance.
$BNB has lost the key support near $768.84 after failing to maintain the $790–$810 range. The current 4-hour structure shows lower highs and a new low at $742.62, indicating weakness. While a slight bounce occurred, the price is struggling to regain $768. With no strong bullish follow-through and resistance above, the bearish trend towards $740 and $725 remains likely unless bulls step in with significant volume.
Short entry: $764–$768
Targets: $745 / $725
Stop loss: $778
Bearish momentum favors as the structure becomes heavy. Watch for confirmation of the breakdown.