BEARISH 📉 : BNB Faces Critical Test at $730 Support Amid Selling Pressure

Binance Coin (BNB) Faces Critical Support Test

BNB has declined 14.6% since January 29, underperforming Bitcoin amid shifting market risk appetite.
The $730 support level, significant since mid-2024, is under scrutiny as BNB's market structure turns bearish.
Momentum indicators like the Awesome Oscillator remain negative, pointing to ongoing bearish pressure.
Volume trends show recent selling pressure, but some participants are not aggressively exiting positions.
If the $730 level breaks, further support is near $687, with potential losses extending into the mid-$600 range.

Resistance and Macro Factors Affecting Recovery

Resistance is expected between $780 and $840 due to stacked supply zones.
Macro factors such as weak tech stocks and expectations of prolonged high interest rates limit risk appetite.
Positive recovery may require broader market improvement and breaking key resistance levels.

The $730 support level remains crucial in determining BNB's short-term trajectory, whether it stabilizes or continues its downtrend.