Watch out for the resistance of $BNB at $790! 🧐 The $BNB is in a boxing match 🥊 against a key level, and the outcome determines whether it skyrockets 🚀 or faces a technical knockout. Let's talk about what's happening with Binance's coin!

Look, the movement is this: $BNB is trying with all its might to turn what was a resistance (a ceiling that prevents it from rising) into a support (a floor that helps it bounce). If it succeeds, not only will it break that level, but it will likely also take down a descending trend line that has been holding it back. That would be big news for the holders! It's as if a clear path suddenly opened up for it to go up. 🥳

But, as always in trading, one must see the other side of the coin. 📉 The faster indicators (stochastic RSI in short time frames) are already signaling that the market has oversold (they are oversold), which sometimes is a sign of a rebound, but in this case, it can also mean that the decline may continue a bit longer. The price has already touched $790, but the strongest and solid support we have is lower, near $747. If it cannot hold the current level, that is the next control point.

Now, the million-dollar question that everyone is asking: Could we see BNB at $640? 😨 If we look at the weekly chart, which is the major leagues, the real wall of protection is at $670. But beware! There’s something even more interesting: the famous Fibonacci level 0.618 is just below that support. For those not in crypto gaming, this Fibonacci level is a magical tool that traders use to predict how far an asset can fall or rise. That it coincides with a strong support is no coincidence; it is a super sensitive area. 🔮

However, the same slow indicators (weekly stochastic RSI) are ready to turn around and point upwards, which could prevent the drop to that level. In summary, we are at a moment of TOTAL DEFINITION. Either BNB shows the strength to continue rising from here, or it takes a deeper breath to seek liquidity at the lower supports.

The lesson here is: One should not only look at the price, but also at the key levels (resistances and supports). Understanding this gives you a huge advantage. Do you think BNB has the strength to soar from where it is or does it need a technical stop lower to recharge? I’m all ears!$BNB