The greed index remains stubbornly high. Can the $BNB breakout become a real turning point?
There may be more upside above $768. $BNB rose 7.52% over the past 24 hours, and after breaking above the $768 support level, bullish momentum has strengthened. However, the technical indicator RSI is approaching overbought territory, so watch out for the risk of a pullback.
If $768 holds, the next resistance levels are $800 and $850. Otherwise, if it falls below $768, $750 will be tested. At present, the Greed index stands at 73/100, indicating a generally optimistic market sentiment.
But historical data shows that greed is often followed by a cooling-off period, so caution is needed.
Data sources: CoinGecko / Binance
#BNBbreakout
There may be more upside above $768. $BNB rose 7.52% over the past 24 hours, and after breaking above the $768 support level, bullish momentum has strengthened. However, the technical indicator RSI is approaching overbought territory, so watch out for the risk of a pullback.
If $768 holds, the next resistance levels are $800 and $850. Otherwise, if it falls below $768, $750 will be tested. At present, the Greed index stands at 73/100, indicating a generally optimistic market sentiment.
But historical data shows that greed is often followed by a cooling-off period, so caution is needed.
Data sources: CoinGecko / Binance
#BNBbreakout
