🚨$BNB at Crossroads🚨
Will It Bounce Back or Drop Further
BNB/USDT Analysis – 1-Hour Chart
Current Price: $702.61
BNB is showing weakness after facing resistance near $715.80.
The price is struggling to stay above the $700 psychological level, and Fibonacci levels indicate a potential breakdown if support fails.
📊Key Levels to Watch:
Resistance Levels:
$703.66 – Immediate resistance; needs to break for bullish recovery.
$710.18 – Key breakout zone; a move above this could trigger momentum toward $720+.
Support Levels:
$698.04 – First key support; breaking below could intensify selling pressure.
$697.15 – Strong Fibonacci support; losing this level may lead to further drops toward $690.
Chart Pattern:
🚩Bearish Flag Pattern: BNB is forming a bearish flag, suggesting more downside if support levels are broken.
💲Prediction:
BNB could retest $697–$698 support today. If bulls fail to reclaim $703, expect further downside toward $690–$685.
A bounce above $703 may trigger recovery toward $710–$715.