$BNB is moving almost exactly along the correction scenario we were watching. After reaching $807.49, the price broke below the key $772 area and then lost the EMA99 around $777, confirming that the recovery was losing strength.
BNB is now trading near $767, with EMA7 at $771, EMA25 at $781 and EMA99 at $776.8. MACD remains negative, while the latest sell-off came with a strong increase in volume.
The next important levels are $756–757, then $735–736 and, if the pressure continues, the $720–721 area. A break below $720 could put the $700 zone back into focus.
The interesting part is that the market is not doing anything unexpected so far. The correction we discussed is developing step by step. Now the question is whether buyers can defend the next support, or whether the bears will continue pushing BNB lower.
BNB is now trading near $767, with EMA7 at $771, EMA25 at $781 and EMA99 at $776.8. MACD remains negative, while the latest sell-off came with a strong increase in volume.
The next important levels are $756–757, then $735–736 and, if the pressure continues, the $720–721 area. A break below $720 could put the $700 zone back into focus.
The interesting part is that the market is not doing anything unexpected so far. The correction we discussed is developing step by step. Now the question is whether buyers can defend the next support, or whether the bears will continue pushing BNB lower.