BNB Breaks Key Technical Levels, Short-Term Outlook Bullish
- Technical Rebound: BNB has broken above the 7-day simple moving average at $899 and the 50% Fibonacci retracement level at $871, indicating an improvement in short-term structure and easing selling pressure, which boosts market confidence.
- Momentum Indicator Improvement: The MACD histogram currently stands at +5.6, confirming bullish momentum and increasing buyer participation, with market attention shifting to the $907 to $921 resistance zone.
- Potential Breakout: A decisive daily close above $921.55 would confirm a breakout, further solidifying the bullish setup, with the next target set at the 127.2% Fibonacci extension near $949.
- Enhanced Media Exposure: Outset PR optimizes PR budgets through its Syndication Map tool, enabling client articles to achieve up to ten times the exposure on platforms like CoinMarketCap and Binance Square, significantly enhancing brand visibility.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BNB
Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
BNB (BNB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 269.427 | 419.743 | 569.137 | 719.453 | 868.847 | 1019.163 | 1168.557 |
| Fibonacci | 419.743 | 534.233 | 604.964 | 719.453 | 833.943 | 904.674 | 1019.163 |
About BNB
About the author
