📉 BNB Stuck at $200, Prepare for the Storm? 🌩️

1. BNB Hasn't Moved From $200 Yet

Binance Coin (BNB) is still hovering above $200, unable to move from an important support level. This situation is less favorable, as new selling pressure could quickly test or even break this level. Price action shows sellers are more dominant at the moment.

2. The indicator tends to be bearish

Volume and momentum indicators show weakness and bearishness on the daily timeframe. In general, volume is higher on the sell side and this is reflected in the RSI and OBV remaining low.

3. MACD Bearish Cross

The daily MACD has just done a bearish cross, confirming that sellers seem to dominate at the moment. If buyers don't return, then key support at $206 is threatened.

Short Term BNB Price Prediction

Get ready to test key support at $206. If it breaks, it's likely that BNB price will head towards $180 next.

Come on, give your opinion about the fate of BNB in ​​the comments column! 💬