#Bnb Lower highs usually indicate that a downtrend will continue. These formations are characterized by each peak forming at a lower level than the previous peak. In this case, the downtrend is expected to continue.
🌠Target Price Prediction:
We can use technical analysis tools such as Fibonacci retracement levels or support-resistance levels to estimate the target price after lower highs. If the current trend continues, a pullback to the nearest support level is expected.
According to your chart, the nearest support levels appear to be around 500 and 450 USDT. If the lower highs trend continues, the **450 USDT** level may stand out as a strong target. We see that there was a significant bottom level at 397.25 before, so this level can also be considered a long-term target.
It is also important to remember that the decline can accelerate in such formations and that caution should be exercised, especially during sudden movements. Other market indicators and macroeconomic factors may also affect this forecast. $BNB