BNB is currently trading at $1091.75 after a recent decline from higher levels. The price has found some support around $1040 and is now attempting to recover. RSI is neutral, and the price is trading below the 50-day average but above the 20-day average.
Current Market Situation
BNB dropped significantly from around $1180 to below $1040 in recent hours, showing strong selling pressure. The current price of $1091.75 represents a partial recovery from the lows.
Support and Resistance Levels
The recent low of $1038.97 provides strong support, while resistance appears around $1088 based on recent local highs. The price needs to break above $1088 to continue upward momentum.
Technical Indicators
RSI at 60.9 is neutral, neither overbought nor oversold. The price is above the 20-day SMA ($1076.99) but below the 50-day SMA ($1117.20), suggesting mixed short-term signals.
Trading Strategy
Consider buying near recent support levels around $1040-1050 for potential upside to resistance at $1088. Use stop-loss orders below $1030 to manage risk.
Beginner Recommendations
Advice: hold
Buy Price: 1040 USDT
Sell Price: 1088 USDT
Key metrics
| Price | 1091.7500 USDT |
| 24h Change | -3.35% |
| RSI(14) | 60.91 |
| SMA20 / SMA50 | 1076.99 / 1117.20 |
| Daily Volatility | 5.80% |
| Sentiment | Neutral |
| Risk level | Medium |
Disclaimer: this material is for educational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile; always assess your own risk, investment horizon, and do your own research.
