BNB's recent trend shows limited rebound strength, currently stuck in a consolidation phase. From a technical perspective, a retest of the fourth wave's bottom remains a high-probability event, which means short-term downside testing should still be watched for.
The key observation point is at the $791 neckline. If this level is broken and resistance is overcome, the support levels below focus on the $776-$722 range. This area converges multiple supports, including historically dense trading zones and technical support, which are expected to effectively absorb selling pressure.
Overall, BNB is currently in a stalemate with weak rebound momentum. Investors should patiently wait for a clear pattern before taking action.
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.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
SmartContractPhobia
· 12h ago
Will this level at 791 really break? It feels like the boy who cried wolf every time.
Wait, wasn't the 776-722 range already broken two months ago? How did it become a defense line again?
Where's the promised rebound? Is this what you call a rebound? It looks more like squatting to me.
Trust me, everyone stay still. Let the bullets fly a little longer.
View OriginalReply0
MentalWealthHarvester
· 12h ago
791 if it can't break through, then we have to keep exploring downward. This market trend is really exhausting.
Another bottom? I'm already numb, just waiting to be cut.
$722 is the level to watch; that's when the real buying opportunity will come. What should I do now?
The weak rebound is just like eating bread, it's pointless.
This stalemate situation is so annoying, when will it finally become clear?
View OriginalReply0
HalfPositionRunner
· 12h ago
If I can't break 791 again, I'll just liquidate everything. This rebound is really like squeezing toothpaste.
View OriginalReply0
MetaReckt
· 12h ago
If 791 doesn't break, then I have to keep watching the show. Anyway, I'm waiting to buy the dip around 722.
View OriginalReply0
DegenWhisperer
· 12h ago
Is 791 really solid? It feels like it's about to get slapped with reality again.
BNB's recent trend shows limited rebound strength, currently stuck in a consolidation phase. From a technical perspective, a retest of the fourth wave's bottom remains a high-probability event, which means short-term downside testing should still be watched for.
The key observation point is at the $791 neckline. If this level is broken and resistance is overcome, the support levels below focus on the $776-$722 range. This area converges multiple supports, including historically dense trading zones and technical support, which are expected to effectively absorb selling pressure.
Overall, BNB is currently in a stalemate with weak rebound momentum. Investors should patiently wait for a clear pattern before taking action.