#BNB#


🔥On August 14, BNB briefly broke through the resistance of $861, but the bulls failed to consolidate the gains, and the price quickly fell back. This indicates that selling pressure at high levels still exists, and short-term buyers tend to take profits.

Bullish Perspective

The current price is approaching the 20-day moving average (795 USD). If BNB can receive strong support here and rebound strongly, the bulls will launch another attack, targeting 869 USD.

Once it breaks through $869, BNB is expected to accelerate its rise, first looking at $900, and further challenging the key psychological barrier of $1000.

Bearish Perspective

If the price falls below and closes under the 20-day moving average, BNB may drop all the way down to $730. This is an extremely important support level, and if it is lost, it will trigger a potential double top pattern, indicating a medium-term peak risk.

🎯Key Observations

Support: 795 → 730

Resistance: 861 → 869 → 900 → 1000

Trend signal: strong rebound bullish; beware of major retracement if it falls below $730
BNB1.17%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)