Heavy Selling Pressure on BNB: Oversold Conditions Hint at Bounce
$BNB


Binance Coin (BNB) is experiencing significant bearish pressure, with its price plummeting by 12.52% over the past 24 hours to $435.0. The 4-hour chart indicates a sharp decline from $496.9, with crucial support levels at $375.1 and $291.3. Resistance is noted at the 200 SMA level of $553.2, which is vital for any potential recovery. The RSI on both 4-hour and 1-day charts is near oversold territory, suggesting that the selling may be overextended and a short-term bounce could be on the horizon. Additionally, the MACD on both charts confirms bearish momentum, but any divergence might indicate a reversal. The immediate trend remains bearish, but holding the key support levels could prevent further declines and provide a base for recovery, especially if macroeconomic factors stabilize.

#BNBUSDT #BTC_MarketPanic_Dip #RecessionOrDip? #6thTrade

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The information provided is for general informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly speculative and involve significant risk, including potential loss of your entire investment. Conduct thorough research and consult a financial advisor before making any investment decisions. The author and publisher are not liable for any financial losses or damages resulting from reliance on this information. Invest wisely and understand the risks involved.

I expected the market to be bullish after the #fomcmeeting , but when I checked my bot #sword_scalper , it gave me a bearish signal🤔. At that time, I decided not to trade and wait for the morning in Asia to see what would happen in the market.☕ During Asia time, I got another bearish signal, so I opened a short position on #BNBUSDT . The BNB price was struggling up and down, but finally, my TP was triggered. Indeed, it was a nice scalp🔥🔥🔥. Enjoy!
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#BNBUSDT
$BNB price analysis

BNB $574 has been trading above the 20-day EMA ($574) for the past few days, but the bulls are struggling to push the price above $605.

If the price turns down and breaks below the 20-day EMA, it will suggest that the bulls have given up. That is likely to keep the price range-bound between $495 and $635 for some more time.

Alternatively, if buyers clear the obstacle at $605, the BNB/USDT pair may climb to $635. This is an important level for the bears to defend because a break above it could clear the path for a rally to $722.

☕Sweet profit in the morning during Asia time—my bot, #sword_scalper , is doing great. I got a short signal on #BNBUSDT and achieved a 1% ROI in a couple of hours. You can join and copy my strategy to enjoy your profit.

🤔My idea about the market: I think the market is waiting for the FOMC meeting on Wednesday and has turned somewhat bearish.

$BNB bullish scenario 📈

#BNBAnalysis #BnbAth #BNBToken #BNBUSDT #BNB_Market_Update

I'm still bullish on $BNB , if the candle holds above the support zone strongly there's a possibility of rallying, meanwhile we might see a small retest to gain more momentum for uptrends continuation.

#BNBUSDT

#BNBUSDT $BNB $BNB $BNB
🔥🔥🔥🚀🚀🚀🚀🚀🚀🚀🚀🚀
#BNB

Buy & HOLD

TP (1)500-(2)1000 -(3)moon🌓

Buy 🟢
#BNBUSDT

#BNB BNB broke important resistance showing signs of strength. BNB will reach soon 310$

Comment:
310$ is a very powerful zone! close your position before it reaches that point

#BNBUSDT
$BNB

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Binance burned $636 million worth of BNB

Bitcoin exchange Binance conducted 26 BNB token burns. The platform removed 2.1 million coins (1.41% of the issue) worth about $636 million from circulation.

In 2017, the company launched a burn program with the goal of removing 100 million BNB from circulation—half of its total supply. From 2021, the number of coins removed is automatically calculated using the Auto-Burn formula.

As part of the previous round in October 2023, Binance burned 2.14 million BNB worth over $453 million. In July, the cryptocurrency exchange withdrew 1.99 million BNB worth $484 million from circulation.

Let us remind you that Binance analysts called 2023 “a more favorable turnaround for the crypto industry.”

#BNB/BTC #BNBChain⚡️ #BNBUSD #BNBUSDT #Binance​​
$BNB

#BNBUSDT 🔝💲💸❤️‍🔥$BNB

#BNBUSDT
Again BNB is now support zone time to buy and the resistance is 251$
you can also buy now🔥
use 10 to 15 leverage and
ST : 241$ and buy first don't miss

#FreeSignals
#NeverGiveUp_BNB
#BinanceFuture

SHORT #BNBUSDT from $229 stop loss $235 $BNB
1h TF. For more than two weeks now, this coin has been sideways, we have a strong 4H level from below confirmed by two touches, as well as a local hourly cascade of lows, there is increased seller activity on the instrument as a whole, there is a compression under the cascade, I expect an impulse downward movement on the feet of participants with the potential to fall on liquidity withdrawals beyond the level marked below at the $ 223 mark

#BNB Enjoy the ride! I got nothing to add except sometime next year,
BNB will be over 1K EZ.

Not investment advice for this no-brainer.
#BNBUSDT $BNB

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#BTC #IluPredictor #xrp

#BNBUSDT
Entry. 390 To 394

Leaverage 20x

Stoploss 380

Tp.
500
505
510
512
#TrendingTopic #Portal #BTC #UNI

#BNB
Trade Long 🟢🟢🟢
#BNBUSDT
Entre 302 to 305#BNB!

Target 310

Target 315

Stop loss 295🔴

📈 Long Position: $BNB (1h)
BNB/USDT is anticipated to see a price rise in a upward channel, then correct, breakout, decline, and possibly bounce back to $562. #HotTrends #BNBUSDT

$BNB Trade Setup
Position: Long
Entry 1: 577, Entry 2: 564
Target: 630 - 680
SL: 544
Reason: Grabbed liquidity below Swing low on D1 and reclaimed the range, plus BOS on H4 is done for further confirmation.
#HotTrends #ETH #BTC #BNBUSDT #crypro