BNB Price Falls Below $1,200 Amidst Bearish Pressure
BNB Price Analysis
- The BNB price is consolidating below the $1,200 zone after failing to clear $1,375.
- Currently trading below $1,180 and the 100-hourly simple moving average, with a bearish trend line resistance at $1,180.
- A rise above $1,200 could lead to testing $1,250. A close above $1,250 might push the price toward $1,320 or even $1,350.
- If unable to surpass $1,200 resistance, BNB may decline again, with initial support at $1,125 and major supports at $1,100 and $1,065.
- A break below $1,065 could lead to a drop toward $1,000 or further to $950.
Technical Indicators
- Hourly MACD: Gaining pace in the bearish zone for BNB/USD.
- Hourly RSI: Below the 50 level, indicating potential bearish momentum.
- Major Support Levels: $1,120, $1,100.
- Major Resistance Levels: $1,200, $1,250.