Support Level (Price USD) Description
Support 1: $780 – 100-day EMA, showing a mid to long term trend
Support 2: $750 – Bollinger Bands, reflecting current market volatility. The lower Bollinger Band represents the lowest deviation from the 20-day simple moving average.
Resistance 1: $850 – 50-day EMA, reflecting a short to medium-term trend
Resistance 2: $920 – Upper Bollinger Band, showing an upper range of volatility in price movement
FAQ: What BNB price targets should I consider?
Support at $780. Resistance near $850. Extension target: $1578.
Is BNB bullish?
Stochastic RSI sits at 25. Resistance is near $850. Place your stop-loss below $780.
How do I set stop-loss levels for BNB?
Place stops below $780 support, considering swing lows as a reference point.
What are the BNB moving averages indicating?
EMA50 at $850 and EMA100 at $780. BNB trades at $830. Comparing these values reveals the trend direction.
Should I buy or sell BNB?
Buyers can enter near $780 or $750, placing stops below $750. Sellers can exit near $850 or $920, and take profits around $1578. Manageable risk is key
How do Fibonacci levels affect BNB price?
The 61.8% level sits at $882. The 138.2% extension targets $1578. These are critical points to watch closely.
What does BNB momentum show?
Stochastic RSI K reads 25. Values above 80 indicate overbought conditions. Values below 20 indicate oversold conditions, and values between 20-80 represent neutral momentum. BNB’s momentum is currently neutral-to-bearish.
Conclusion
BNB shows weakness under $780 support. A breakdown risk remains near $750. Momentum favors bears. Further sell-offs may follow. Stay cautious, protect your capital.
Disclaimer
The information shared by Altcoin Buzz is not financial advice. This article aims to educate, entertain, and inform only. Any strategies or insights presented are the authors’ opinions and might differ from yours. We aren’t responsible for any losses incurred due to investments connected with this content. BNB and other cryptocurrencies carry high risks; therefore, it’s vital to conduct thorough research.
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