📉BNB bearish: rebound remains under pressure
The latest available snapshot shows BNBUSDT perpetual at around 687.9, down 1.39% in 24 hours, with $381 million in trading volume; OI is around $360 million, down 3.96%, and the funding rate is +0.0066%/8h. The simultaneous decline in price and OI points to long position reductions. Market (https://fibonomy.com/en/futures/binance/bnbusdt)
Net aggressive selling in perpetuals totaled $27.3 million over 24 hours; the 4-hour RSI is 44.9 and the MACD histogram is negative, with selling pressure still dominant. Flows (https://closedcandle.com/coin/bnb) Indicators (https://closedcandle.com/coin/bnb/indicators)
Over the next 4–24 hours, the bias is for a rebound to meet resistance, followed by another test of 684 support. A break below that level would put 681–680 in view; resistance is at 694. If price holds above it on increased volume, the bearish outlook is invalidated, with 702 as the next upside target. Price levels (https://closedcandle.com/coin/bnb)
#BNB #BNBUSDT #Binance Futures
The latest available snapshot shows BNBUSDT perpetual at around 687.9, down 1.39% in 24 hours, with $381 million in trading volume; OI is around $360 million, down 3.96%, and the funding rate is +0.0066%/8h. The simultaneous decline in price and OI points to long position reductions. Market (https://fibonomy.com/en/futures/binance/bnbusdt)
Net aggressive selling in perpetuals totaled $27.3 million over 24 hours; the 4-hour RSI is 44.9 and the MACD histogram is negative, with selling pressure still dominant. Flows (https://closedcandle.com/coin/bnb) Indicators (https://closedcandle.com/coin/bnb/indicators)
Over the next 4–24 hours, the bias is for a rebound to meet resistance, followed by another test of 684 support. A break below that level would put 681–680 in view; resistance is at 694. If price holds above it on increased volume, the bearish outlook is invalidated, with 702 as the next upside target. Price levels (https://closedcandle.com/coin/bnb)
#BNB #BNBUSDT #Binance Futures