$BNB H1 — REJECTED AFTER TESTING 785
BNB is hovering around 774. After a rise from the 768 area, it tested 785 on the H1 timeframe, but was quickly sold off again.
The short-term structure has not been fully broken yet, but the upward momentum is clearly weakening. After a strong bounce from 776 to 783 with high volume, BNB failed to hold above 780 and kept returning to test lower areas.
At the moment, 772–775 is a notable support zone. If BNB can hold this area and form a higher low on H1, the rebound structure still has a basis.
On the upside, 780–785 is a fairly clear supply zone. In particular, 785 has just shown strong selling pressure. So, if BNB wants to continue expanding the uptrend momentum, it needs to reclaim this area with good volume.
Conversely, if the price loses 772 and an H1 close occurs below this zone, the rebound move from 765–768 may weaken significantly. Then, the 767–769 area will become the next level to watch.
One notable point is that volume surged strongly when BNB broke out into 782–785, but right after that, price was pulled back rather quickly. This suggests there is significant tug-of-war between buyers and the supply from profit-taking within the 780–785 range.
Therefore, BNB has not yet shown a clear breakout. Price is sitting between the support zone 772–775 and resistance 780–785, so reactions at these two areas matter more than chasing short-term fluctuations.
Holding 772–775 and reclaiming 785 will make the H1 structure more positive. On the other hand, losing 772 will require closer attention to the correction phase.
No FOMO. Wait for confirmation.
$BNB
BNB is hovering around 774. After a rise from the 768 area, it tested 785 on the H1 timeframe, but was quickly sold off again.
The short-term structure has not been fully broken yet, but the upward momentum is clearly weakening. After a strong bounce from 776 to 783 with high volume, BNB failed to hold above 780 and kept returning to test lower areas.
At the moment, 772–775 is a notable support zone. If BNB can hold this area and form a higher low on H1, the rebound structure still has a basis.
On the upside, 780–785 is a fairly clear supply zone. In particular, 785 has just shown strong selling pressure. So, if BNB wants to continue expanding the uptrend momentum, it needs to reclaim this area with good volume.
Conversely, if the price loses 772 and an H1 close occurs below this zone, the rebound move from 765–768 may weaken significantly. Then, the 767–769 area will become the next level to watch.
One notable point is that volume surged strongly when BNB broke out into 782–785, but right after that, price was pulled back rather quickly. This suggests there is significant tug-of-war between buyers and the supply from profit-taking within the 780–785 range.
Therefore, BNB has not yet shown a clear breakout. Price is sitting between the support zone 772–775 and resistance 780–785, so reactions at these two areas matter more than chasing short-term fluctuations.
Holding 772–775 and reclaiming 785 will make the H1 structure more positive. On the other hand, losing 772 will require closer attention to the correction phase.
No FOMO. Wait for confirmation.
$BNB
