BNB price fluctuates around $716, with overall market sentiment relatively stable, and a trading volume of 66.36K, indicating a certain level of market activity. The current price is above the yellow 20 moving average, which may form a short-term support level, while the blue 60 moving average can serve as medium-term support. On the candlestick chart, we can see that the BNB price has repeatedly pulled back to the 60 moving average without breaking below it, indicating that the 60 moving average is a strong medium-term support. The red 120 moving average acts as a long-term trend line, providing strong support; if the price breaks below this level, it may trigger a larger decline.
MACD: The current MACD value is -2.72, the red momentum bars are gradually strengthening, and the dual lines indicate a bearish arrangement, putting pressure on the price in the short term, which is bearish.
RSI: The RSI value is 57.29, situated in the neutral range, showing no signs of overbought or oversold conditions, indicating that market sentiment is relatively balanced.
Therefore, everyone can pay attention to the BNB $700 round number level, which is also near the yellow 20 moving average. If it breaks below, there may be a deeper pullback, such as another drop to the blue 60 moving average (around $666).
$BNB (spot)
$BNB (contract)