$BNB | Daily Technical Outlook
Price: $698.76 | RSI (14): 42
Structure
The largest exchange hack on record hit on Oct 29. $BNB fell from $759.85 to an intraday low of $680, about -10.5%, and is now down roughly 8%. For a shock of that size, the drawdown stayed contained. Since then, price has held a tight $680–$724 range built around its 200-day EMA. The short-term trend still shows lower highs since $810, so momentum has not turned yet.
Key levels
Support: $680–$693 (200-day EMA + two defended lows at $680)
Resistance: $715–$724 (EMA 20/50 + Nov 4 high), then $750–$762
Scenarios
Bullish: a daily close above $724 opens the way to $750, then $762.
Bearish: a daily close below $680 exposes the 0.5 Fib at $674, then the 0.618 at $641.
View: Selling has slowed and volume is fading into the range. The next daily close outside $680–$724 should set the direction.
Disclosure:
Not financial advice. DYOR.
$BNB
Price: $698.76 | RSI (14): 42
Structure
The largest exchange hack on record hit on Oct 29. $BNB fell from $759.85 to an intraday low of $680, about -10.5%, and is now down roughly 8%. For a shock of that size, the drawdown stayed contained. Since then, price has held a tight $680–$724 range built around its 200-day EMA. The short-term trend still shows lower highs since $810, so momentum has not turned yet.
Key levels
Support: $680–$693 (200-day EMA + two defended lows at $680)
Resistance: $715–$724 (EMA 20/50 + Nov 4 high), then $750–$762
Scenarios
Bullish: a daily close above $724 opens the way to $750, then $762.
Bearish: a daily close below $680 exposes the 0.5 Fib at $674, then the 0.618 at $641.
View: Selling has slowed and volume is fading into the range. The next daily close outside $680–$724 should set the direction.
Disclosure:
Not financial advice. DYOR.
$BNB
