๐ Technical Spot Analysis: BNB/USDT on Binance ๐ข
Market analysis publication for your trading log and Binance Square:
๐ Key Market Data
๐ช Pair: BNB/USDT (BNB)
๐ต Current Price: 790.23 USDT (-1.61%)
๐ป๐ช P2P Reference Price: โ Bs 672,999.37
โ๏ธ Order Book Strength: 38.82% on Buys vs. 61.18% on Sells (greater selling pressure in the book)
๐ Chart Reading and Moving Averages
๐ฉ Price Movement: BNB is in a short-term sideways consolidation phase after posting a recent high at 807.49 USDT and marking support at 780.12 USDT.
๐ Technical Structure:
MA(7): 789.28 USDT (Immediate dynamic support slightly surpassed by the price)
MA(25): 774.27 USDT (More significant intermediate support)
MA(99): 741.72 USDT (Main long-term trend support)
๐ก Technical Comment: BNB maintains a solid bullish technical structure in the medium and long term by trading above its key moving averages (MA7, MA25, and MA99). The price is trying to consolidate above $790 USDT to regain the strength that will once again lead it to test resistance in the $807 USDT area.
๐ฌ Do you think $BNB will break the $800 USDT barrier in the coming hours, or will it touch the MA(25) at $774 USDT first? Iโm listening to you in the comments! ๐
$BNB BTCUSDT
Market analysis publication for your trading log and Binance Square:
๐ Key Market Data
๐ช Pair: BNB/USDT (BNB)
๐ต Current Price: 790.23 USDT (-1.61%)
๐ป๐ช P2P Reference Price: โ Bs 672,999.37
โ๏ธ Order Book Strength: 38.82% on Buys vs. 61.18% on Sells (greater selling pressure in the book)
๐ Chart Reading and Moving Averages
๐ฉ Price Movement: BNB is in a short-term sideways consolidation phase after posting a recent high at 807.49 USDT and marking support at 780.12 USDT.
๐ Technical Structure:
MA(7): 789.28 USDT (Immediate dynamic support slightly surpassed by the price)
MA(25): 774.27 USDT (More significant intermediate support)
MA(99): 741.72 USDT (Main long-term trend support)
๐ก Technical Comment: BNB maintains a solid bullish technical structure in the medium and long term by trading above its key moving averages (MA7, MA25, and MA99). The price is trying to consolidate above $790 USDT to regain the strength that will once again lead it to test resistance in the $807 USDT area.
๐ฌ Do you think $BNB will break the $800 USDT barrier in the coming hours, or will it touch the MA(25) at $774 USDT first? Iโm listening to you in the comments! ๐
$BNB BTCUSDT
