๐ BSB Technical Analysis (4H) โ Binance Square
BSB is trading around $0.1301, showing signs of a short-term recovery after bouncing from the $0.1133 support zone. However, the overall 4-hour trend remains bearish, so confirmation is still needed before expecting a sustained reversal.
๐ Technical Outlook
Current Price: $0.1301
Key Support: $0.1226โ$0.1133
Immediate Resistance: $0.1485
Major Resistance: $0.1940
The MACD has turned positive, indicating that bullish momentum is beginning to build. However, buyers need to push the price above $0.1485 with strong volume to confirm a trend reversal.
๐ Bullish Scenario
If BSB breaks and holds above $0.1485, the next upside targets could be:
๐ฏ $0.1940
๐ฏ $0.2395
๐ Bearish Scenario
If the price loses the $0.1226 support, it could revisit the $0.1133 low. A break below that level may lead to further downside.
๐ก Conclusion
BSB is attempting to recover from a recent sell-off, but the market is still in a cautious phase. Watch for a confirmed breakout above $0.1485 before turning aggressively bullish, while keeping an eye on the $0.1226 support level.
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