BNB has been stable in the past hour, with a slight increase of 0.14%, and the price has moved up about 9.38 yuan. It has been fluctuating within the narrow range of $930-$950. From a technical perspective, the price is running close to the upper Bollinger Band. There is indeed buying interest from the bulls, but there are no signs of a volume breakout. The MACD indicator is currently in a state of balance between bulls and bears, feeling somewhat indecisive. The key point now is whether the $950 resistance can be broken, and the support at $940 must not be lost. In the short term, it appears to be a consolidation phase. The subsequent focus is on whether there will be a significant change in trading volume, and to closely monitor the tug-of-war at these two key price levels.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
5
Repost
Share
Comment
0/400
BearMarketSurvivor
· 19h ago
950 is stuck, when will this broken position be resolved?
View OriginalReply0
SellTheBounce
· 19h ago
950 is still being repeatedly tested at this critical level, indicating that the main force doesn't really intend to break through. My experience is that the more this stalemate persists, the more likely a rebound is about to happen; don't wait for increased volume... there are always lower points ahead waiting for you.
View OriginalReply0
ThesisInvestor
· 19h ago
If I can't break $950, I won't watch anymore. I'll wait for a surge in volume to see.
View OriginalReply0
LiquidityWitch
· 19h ago
Level 950 is stuck; it seems unlikely to break through in the short term.
View OriginalReply0
BearMarketSurvivor
· 19h ago
It's just this back-and-forth between 940 and 950, really exhausting. Don't expect a breakthrough without volume; this is the ironclad rule I've summarized from years of experience.
BNB has been stable in the past hour, with a slight increase of 0.14%, and the price has moved up about 9.38 yuan. It has been fluctuating within the narrow range of $930-$950. From a technical perspective, the price is running close to the upper Bollinger Band. There is indeed buying interest from the bulls, but there are no signs of a volume breakout. The MACD indicator is currently in a state of balance between bulls and bears, feeling somewhat indecisive. The key point now is whether the $950 resistance can be broken, and the support at $940 must not be lost. In the short term, it appears to be a consolidation phase. The subsequent focus is on whether there will be a significant change in trading volume, and to closely monitor the tug-of-war at these two key price levels.