$BNB Update
#BNB is getting very close to a major resistance zone around $780–$782.
Price has recovered strongly from the $537 low and is now trading near the 0 Fibonacci level at $781.44, while also approaching the upper rising trendline.
This area has already acted as a major rejection zone, so I’m watching the reaction here very closely.
The $715–$720 area is the key support zone below. If BNB gets rejected from $780–$782, a pullback toward this zone could be possible.
RSI is also approaching the 70 area, so momentum is strong but starting to become stretched.
A clean breakout and close above $782 could open the door for further upside. Until then, this remains a major resistance to watch.
Let's see how BNB reacts here.
#BNB is getting very close to a major resistance zone around $780–$782.
Price has recovered strongly from the $537 low and is now trading near the 0 Fibonacci level at $781.44, while also approaching the upper rising trendline.
This area has already acted as a major rejection zone, so I’m watching the reaction here very closely.
The $715–$720 area is the key support zone below. If BNB gets rejected from $780–$782, a pullback toward this zone could be possible.
RSI is also approaching the 70 area, so momentum is strong but starting to become stretched.
A clean breakout and close above $782 could open the door for further upside. Until then, this remains a major resistance to watch.
Let's see how BNB reacts here.
