$BNB BNBUSDT is at a critical decision point. It has dropped significantly on the 1-hour chart and is currently near the 742-750 support zone. This area has been important in the past, so the upcoming reaction is crucial. Right now, sellers are still in control, but after a steep decline, the market often pauses or reacts.
If buyers step in, and the price holds above 740, a short-term relief bounce is possible. Upside targets may open toward 775 to 800. This would be a bounce, but not a confirmed trend change.
If sellers stay strong, and the price drops below 740 without a strong buying reaction, the downside could extend to 720 or 700. This would confirm a continuation of the bearish move.
Will BNB defend this support and bounce back, or will sellers break through and push the price even lower?
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.
$BNB BNBUSDT is at a critical decision point. It has dropped significantly on the 1-hour chart and is currently near the 742-750 support zone. This area has been important in the past, so the upcoming reaction is crucial. Right now, sellers are still in control, but after a steep decline, the market often pauses or reacts.
If buyers step in, and the price holds above 740, a short-term relief bounce is possible. Upside targets may open toward 775 to 800. This would be a bounce, but not a confirmed trend change.
If sellers stay strong, and the price drops below 740 without a strong buying reaction, the downside could extend to 720 or 700. This would confirm a continuation of the bearish move.
Will BNB defend this support and bounce back, or will sellers break through and push the price even lower?