BNB is currently in a rather delicate position. From the support perspective, around 935 is a dense low point on the intraday chart, and further down there is 906.18 as the 24-hour bottom support—if these two levels cannot be broken, buyers will usually step in, providing a basis for a rebound.
On the resistance side, the recent key level is at 937.12 (where the 60-minute moving average is located), with stronger resistance at 954.68 (the 24-hour high). Imagine that once volume can break through 937.12, there is a chance to test 945 and even 954.
However, there is a problem: the current intraday trading volume is far below the average levels of the 5-day and 10-day periods. In simple terms, the market currently lacks a clear direction, and funds are all on the sidelines. Without new momentum, the price is unlikely to move in a single direction; it is more likely to oscillate within the 930 to 945 range.
From a technical perspective, several scenarios are possible: optimistically, volume could break through 937.12 and then move upward to test 945-954. If it stabilizes above 954, there is even a chance to push toward 960-970. But it could also just oscillate around the moving averages, repeatedly rubbing against them without any major action. The worst-case scenario is losing the 935 support, with volume increasing again, which would mean a potential decline below 920 or even 906, indicating that the short-term trend might weaken.
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ContractExplorer
· 8h ago
Insufficient volume is just throwing a tantrum. Is it breaking upward or crashing downward? Who the hell knows?
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NFTRegretDiary
· 8h ago
With such low trading volume, it feels like just killing time. Who would dare to enter?
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probably_nothing_anon
· 8h ago
Insufficient volume is the key. Without new funds entering the market, don't expect a one-sided move. Probably just going to be stuck in this sideways grind, torturing everyone.
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DEXRobinHood
· 8h ago
Insufficient volume, we need to watch the capital flow again. This wave is a bit dull.
BNB is currently in a rather delicate position. From the support perspective, around 935 is a dense low point on the intraday chart, and further down there is 906.18 as the 24-hour bottom support—if these two levels cannot be broken, buyers will usually step in, providing a basis for a rebound.
On the resistance side, the recent key level is at 937.12 (where the 60-minute moving average is located), with stronger resistance at 954.68 (the 24-hour high). Imagine that once volume can break through 937.12, there is a chance to test 945 and even 954.
However, there is a problem: the current intraday trading volume is far below the average levels of the 5-day and 10-day periods. In simple terms, the market currently lacks a clear direction, and funds are all on the sidelines. Without new momentum, the price is unlikely to move in a single direction; it is more likely to oscillate within the 930 to 945 range.
From a technical perspective, several scenarios are possible: optimistically, volume could break through 937.12 and then move upward to test 945-954. If it stabilizes above 954, there is even a chance to push toward 960-970. But it could also just oscillate around the moving averages, repeatedly rubbing against them without any major action. The worst-case scenario is losing the 935 support, with volume increasing again, which would mean a potential decline below 920 or even 906, indicating that the short-term trend might weaken.