$BNB has broken below the rising wedge/ascending structure, and the current move looks like a retest of the broken trendline.
Price is now around $766–$770, sitting right around the breakdown area. This is important because a rejection here would strengthen the breakdown setup.
The key resistance is now around $780–$802. If BNB fails to reclaim this zone and starts moving lower, the next important levels to watch are around $720, followed by the major $679 support.
On the other hand, if BNB reclaims the broken trendline and gets back above $802, the breakdown would become much less convincing.
For now, this looks like a classic breakdown + retest setup. The reaction around $780–$802 should tell us a lot. 👀
#BNB #BNBChain# #Altcoin Season# $USDT
Price is now around $766–$770, sitting right around the breakdown area. This is important because a rejection here would strengthen the breakdown setup.
The key resistance is now around $780–$802. If BNB fails to reclaim this zone and starts moving lower, the next important levels to watch are around $720, followed by the major $679 support.
On the other hand, if BNB reclaims the broken trendline and gets back above $802, the breakdown would become much less convincing.
For now, this looks like a classic breakdown + retest setup. The reaction around $780–$802 should tell us a lot. 👀
#BNB #BNBChain# #Altcoin Season# $USDT
