The situation in the BNB market is beginning to get out of control of buyers. The first signal of such an opinion is the loss of an important range of $44-44.8, which occurred on January 19. The false impression that on January 18 buyers took control of this range did not allow the price of BNB to continue to rise. The weakness of buyers was immediately felt by the sellers, who aggressively took the initiative on January 19.
The sellers' next target is $39. That's where buyers will be able to rehabilitate and organize a new local wave of growth with the target of breaking $44-44.8.
However, if the new wave of growth is weak and trading volumes again show the weakness of buyers - sellers will continue to reduce prices to $32.
If buyers lose the $39 mark, the BNB price may go lower. Where? See our global BNB idea: _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!