BNB Price Falls Under $820, With Support Remaining Around $793
BNB Price Drop: Binance Coin (BNB) fell 7.13% in 24 hours to $819.83 after reaching a high of $876.70, but analysts believe it remains in a long-term bullish trend.
Analyst Predictions: Crypto Patel forecasts BNB could reach $2,300 based on historical patterns, highlighting an accumulation zone between $700 and $500 as a potential re-entry point.
Support Levels: Analyst Hardy Degen noted a key support level at $793.70, which has held during recent corrections, suggesting that maintaining this level could lead to positive price movement.
Historical Patterns: Analysts emphasize the importance of historical accumulation zones, indicating that past cycles of sideways trading often precede significant upward trends for BNB.
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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 6 technical signals, shows that 3 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 | 265.34 | 417.7 | 556.13 | 708.49 | 846.92 | 999.28 | 1137.71 |
| Fibonacci | 417.7 | 528.782 | 597.408 | 708.49 | 819.572 | 888.198 | 999.28 |
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