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$BNB Technical Update: Testing Critical Resistance
The 4-hour chart shows $BNB is currently in a high-volatility phase as it trades around the $898 mark. After a recent dip toward the $869 support zone, the price has seen a healthy recovery, but it is now facing immediate selling pressure near the $901 level.
Key Observations:
Price Action: The price is hovering just below the $900 psychological barrier. A successful 4-hour candle close above $901.60 (the 24h high) could trigger a momentum shift back toward the recent peak of $924.84.
Support & Resistance: * Resistance: $901.60 and $924.84.
Support: Strong buyer interest remains near the $878 and $869 levels.
Market Sentiment: With 83.34% of the order book currently leaning toward Long positions, there is significant bullish anticipation among traders, despite the minor -2.09% dip over the last 30 days.
#BNBtreading #CryptoMarket #WriteToEarnUpgrade #Binance
The 4-hour chart shows $BNB is currently in a high-volatility phase as it trades around the $898 mark. After a recent dip toward the $869 support zone, the price has seen a healthy recovery, but it is now facing immediate selling pressure near the $901 level.
Key Observations:
Price Action: The price is hovering just below the $900 psychological barrier. A successful 4-hour candle close above $901.60 (the 24h high) could trigger a momentum shift back toward the recent peak of $924.84.
Support & Resistance: * Resistance: $901.60 and $924.84.
Support: Strong buyer interest remains near the $878 and $869 levels.
Market Sentiment: With 83.34% of the order book currently leaning toward Long positions, there is significant bullish anticipation among traders, despite the minor -2.09% dip over the last 30 days.
#BNBtreading #CryptoMarket #WriteToEarnUpgrade #Binance
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