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.
BNB0,46%
View Original
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.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ContractExplorervip
· 8h ago
Insufficient volume is just throwing a tantrum. Is it breaking upward or crashing downward? Who the hell knows?
View OriginalReply0
NFTRegretDiaryvip
· 8h ago
With such low trading volume, it feels like just killing time. Who would dare to enter?
View OriginalReply0
probably_nothing_anonvip
· 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.
View OriginalReply0
DEXRobinHoodvip
· 8h ago
Insufficient volume, we need to watch the capital flow again. This wave is a bit dull.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)