Binance Coin has broken below its ascending channel on the four-hour chart. Short-term momentum is weakening, and the price is chopping around within the 740–751 range. In this setup, 740 at the lower end of the range is the dividing line between bulls and bears, while 800–810 is a resistance zone where selling pressure has repeatedly emerged.
The current price is 749.04, down a modest 0.2% over the past 24 hours, and still hovering near the lower end of the range. For trading, use 740 as the level to defend: if the price holds above it, the range-bound action is likely to continue, with the next focus on whether a rebound can absorb the selling pressure around 800–810. A decisive break below 740 would confirm further downside from the channel and open up more room to fall.
#BNB
The current price is 749.04, down a modest 0.2% over the past 24 hours, and still hovering near the lower end of the range. For trading, use 740 as the level to defend: if the price holds above it, the range-bound action is likely to continue, with the next focus on whether a rebound can absorb the selling pressure around 800–810. A decisive break below 740 would confirm further downside from the channel and open up more room to fall.
#BNB