🔍 General Technical Situation:
The BNB price has broken below a key uptrend line that has been in place since June.
It is currently below the support level of ~1010 USDT, signaling a shift from higher lows to a potential downtrend.
📉 Key Levels:
Resistance:
1086 USDT → last local resistance after the trend breakout (a retest from below is possible).
1205 USDT → strong resistance from August and September.
Support:
912 USDT → local support (currently being tested).
831 USDT → next support, significant from the August structure.
733 USDT → strong demand zone from June-July.
📊 Volume:
In recent days, it has increased noticeably during declines—confirming selling pressure and the presence of large players liquidating positions.
🔄 Stoch RSI Indicator:
The Stoch RSI is at the lower end of the chart, close to the oversold zone (around 20–0).
This could indicate a short-term rebound, but not necessarily the end of the decline—rather, a potential retest from below the broken trend line (~1050–1080 USDT).
⚠️ Scenarios:
🟥 Bearish (more likely):
Price remains below 1010 USDT and rejects the 1080–1100 level in the event of a rebound.
Next downside targets: 912 → 831 → 733 USDT.
High selling volume suggests a test of lower levels may occur before demand stabilizes.
🟩 Bullish (less likely, but possible):
Price bounces from the 900–910 zone and returns above 1010 USDT with confirmed volume.
Only a close of the daily candle above 1080 USDT would negate the current bearish signal and could open the way to 1200 USDT.
📈 Summary:
Medium-term trend: broken, signal of weakness.
Short-term: possible technical rebound from 900–910, but the overall bias remains bearish.
Key level to watch: 1010 USDT – a return above this level would be the first positive signal.
The BNB price has broken below a key uptrend line that has been in place since June.
It is currently below the support level of ~1010 USDT, signaling a shift from higher lows to a potential downtrend.
📉 Key Levels:
Resistance:
1086 USDT → last local resistance after the trend breakout (a retest from below is possible).
1205 USDT → strong resistance from August and September.
Support:
912 USDT → local support (currently being tested).
831 USDT → next support, significant from the August structure.
733 USDT → strong demand zone from June-July.
📊 Volume:
In recent days, it has increased noticeably during declines—confirming selling pressure and the presence of large players liquidating positions.
🔄 Stoch RSI Indicator:
The Stoch RSI is at the lower end of the chart, close to the oversold zone (around 20–0).
This could indicate a short-term rebound, but not necessarily the end of the decline—rather, a potential retest from below the broken trend line (~1050–1080 USDT).
⚠️ Scenarios:
🟥 Bearish (more likely):
Price remains below 1010 USDT and rejects the 1080–1100 level in the event of a rebound.
Next downside targets: 912 → 831 → 733 USDT.
High selling volume suggests a test of lower levels may occur before demand stabilizes.
🟩 Bullish (less likely, but possible):
Price bounces from the 900–910 zone and returns above 1010 USDT with confirmed volume.
Only a close of the daily candle above 1080 USDT would negate the current bearish signal and could open the way to 1200 USDT.
📈 Summary:
Medium-term trend: broken, signal of weakness.
Short-term: possible technical rebound from 900–910, but the overall bias remains bearish.
Key level to watch: 1010 USDT – a return above this level would be the first positive signal.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.