BNB Market Analysis🚩
Yesterday, the BNB daily line fell from a high of 758 to a low of 727, ultimately closing at 742. The support level is at MA14; a pullback to this level could be considered for a long position. The bullish momentum of MACD is diminishing, showing a trend towards forming a death cross.
On the four-hour chart, MA60 is a key support level, also suitable for a retracement to enter long. Currently, the resistance level is at MA30; if broken, we may look towards 770. The bearish momentum of MACD has significantly increased and has formed a death cross. In the short term, when the price drops to around 707, it may be considered for a long entry, with an expected rebound target between 735 and 770.
