BNB is currently in a downtrend with oversold RSI, suggesting potential for a bounce. Recent price action shows support near $956 and resistance near $984.
Current Market Overview
BNB is trading at $960.38, down 2.29% in 24 hours. The RSI at 34 indicates oversold conditions, which often precedes price rebounds.
Key Support and Resistance
The strongest recent support is $956.33 (local_min), while resistance sits around $983.75 (local_max). Price is currently testing lower levels.
Moving Average Analysis
Price is below both SMA20 ($966.64) and SMA50 ($981.59), confirming the short-term downtrend. A break above these could signal trend reversal.
Trading Strategy
Consider buying near support at $956 with a target sell at $984. Use stop-loss below $950 to manage risk. Current oversold conditions favor cautious buying.
Beginner Recommendations
Advice: buy
Buy Price: 956 USDT
Sell Price: 984 USDT
Key metrics
| Price | 960.3800 USDT |
| 24h Change | -2.29% |
| RSI(14) | 34.34 |
| SMA20 / SMA50 | 966.64 / 981.59 |
| Daily Volatility | 2.90% |
| 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.
