$BNB (BNB) TESTING UPPER BOLLINGER BAND RESISTANCE ARE BEARS TARGETING $776.00 NEXT?
Pair: $BNB /USDT
Direction: SHORT
Entry Price: 793.30
Target Levels (Take Profit)
TP 1: 786.80 0.82%
TP 2: 782.50 1.36%
TP 3: 776.00 2.18%
Stop Loss
SL: 801.90
Technical Breakdown
BNB ($793.3) has rallied into upper supply resistance near the $795.00–$800.00 region following an ascending recovery leg. The push higher has stretched price action to the top boundary of the Bollinger Bands (BB 20), increasing the likelihood of a pullback back toward intermediate support.
While short-term MA 7 and MA 25 remain sloped upward, a move below immediate resistance opens downside room back toward the baseline MA 99 (~776.00), which aligns directly with the TP3 target area.
RSI (14) has sloped sharply into overbought conditions around 70.00, signaling upside momentum saturation and an impending cool-off. The MACD histogram volume shows weakening underlying buying pressure with signal lines flattening out high above the zero line, setting up potential bearish convergence.
$BNB
Pair: $BNB /USDT
Direction: SHORT
Entry Price: 793.30
Target Levels (Take Profit)
TP 1: 786.80 0.82%
TP 2: 782.50 1.36%
TP 3: 776.00 2.18%
Stop Loss
SL: 801.90
Technical Breakdown
BNB ($793.3) has rallied into upper supply resistance near the $795.00–$800.00 region following an ascending recovery leg. The push higher has stretched price action to the top boundary of the Bollinger Bands (BB 20), increasing the likelihood of a pullback back toward intermediate support.
While short-term MA 7 and MA 25 remain sloped upward, a move below immediate resistance opens downside room back toward the baseline MA 99 (~776.00), which aligns directly with the TP3 target area.
RSI (14) has sloped sharply into overbought conditions around 70.00, signaling upside momentum saturation and an impending cool-off. The MACD histogram volume shows weakening underlying buying pressure with signal lines flattening out high above the zero line, setting up potential bearish convergence.
$BNB
