From the short-term technical analysis of BNB, the price level around 855 dollars has become a key support point. Market participants are closely following this level as it may determine BNB's recent trend.
If BNB can firmly stand above the support level of $855 and successfully break through the recent high of $868 in future trading, this could open up further upside potential for BNB. This breakout needs to be accompanied by a significant increase in trading volume to confirm the validity of the upward trend.
However, if BNB fails to hold the support level of $855, we may see the price continue to decline, seeking lower support levels. In this case, investors should be wary of potential further declines.
Specifically, if the support level at $855 can hold, BNB may gradually rise to $865, $875, or even $890. This would be a positive signal indicating that buyers are regaining control of the market.
On the contrary, if the support level of $855 is broken, we may see the BNB price fall to levels of $840, $830, or even $820. In this case, selling pressure may increase, leading to further price declines in the short term.
Overall, the price level of $855 is crucial for the short-term trend of BNB. Investors and traders should closely follow this level, as well as the subsequent price dynamics and changes in trading volume, which will help assess the possible direction of BNB moving forward.
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.
23 Likes
Reward
23
6
Repost
Share
Comment
0/400
Ser_Liquidated
· 09-05 10:28
The Brick Moving Little Prince has been liquidated.
View OriginalReply0
GasFeeWhisperer
· 09-03 00:50
Have you set the stop loss point?
View OriginalReply0
SchrodingerAirdrop
· 09-03 00:45
All in, just wait for the rise and it's done.
View OriginalReply0
GateUser-ccc36bc5
· 09-03 00:43
The long and short battle is truly exciting.
View OriginalReply0
TokenomicsTrapper
· 09-03 00:40
classic bull trap setup... called this dump weeks ago tbh
From the short-term technical analysis of BNB, the price level around 855 dollars has become a key support point. Market participants are closely following this level as it may determine BNB's recent trend.
If BNB can firmly stand above the support level of $855 and successfully break through the recent high of $868 in future trading, this could open up further upside potential for BNB. This breakout needs to be accompanied by a significant increase in trading volume to confirm the validity of the upward trend.
However, if BNB fails to hold the support level of $855, we may see the price continue to decline, seeking lower support levels. In this case, investors should be wary of potential further declines.
Specifically, if the support level at $855 can hold, BNB may gradually rise to $865, $875, or even $890. This would be a positive signal indicating that buyers are regaining control of the market.
On the contrary, if the support level of $855 is broken, we may see the BNB price fall to levels of $840, $830, or even $820. In this case, selling pressure may increase, leading to further price declines in the short term.
Overall, the price level of $855 is crucial for the short-term trend of BNB. Investors and traders should closely follow this level, as well as the subsequent price dynamics and changes in trading volume, which will help assess the possible direction of BNB moving forward.