Sentiment: Bearish
BNB is showing significant technical weakness as it trades at $1,206, down over 9% in the past 24 hours. The current price sits well below both the 20-day SMA ($1,271) and 50-day SMA ($1,275), indicating strong bearish momentum. However, the RSI reading of 24.7 suggests BNB is deeply oversold, potentially setting up for a short-term bounce. Trading volume remains substantial at nearly $2 billion, showing continued institutional interest despite the price decline. The high volatility reading of 6.9% indicates traders should expect continued price swings. For position traders, this could represent an accumulation opportunity near key support levels, while short-term traders might wait for RSI to recover above 30 before entering long positions. Risk management remains crucial given the current market structure.
Key Metrics
Price | 1206.4900 USDT |
24h Change | -9.25% |
24h Volume | 1993899553.15 |
RSI(14) | 24.71 |
SMA20 / SMA50 | 1271.05 / 1275.80 |
Daily Volatility | 6.91% |
BNB — 1h candles, 7D window (SMA20/SMA50, RSI).