BNB is currently in a downtrend with oversold RSI, suggesting potential for a bounce. Recent price action shows support near $872 and resistance near $902.
Current Market Overview
BNB is trading at $871.09, down 1.25% in 24 hours. The RSI of 31.8 indicates oversold conditions, which often precedes price recovery.
Support and Resistance Levels
Strong support has formed around $872-873 based on recent local lows. Resistance sits near $902 from recent highs, with intermediate resistance at $876-881.
Trading Strategy
Consider buying near support levels for potential bounce plays. Use tight stop losses as the overall trend remains downward. Take profits near resistance levels.
Risk Management
Always use stop losses and position size appropriately. Crypto markets are volatile – never invest more than you can afford to lose.
Beginner Recommendations
Advice: buy
Buy Price: 872.9 USDT
Sell Price: 902.0 USDT
Key metrics
| Price | 871.0900 USDT |
| 24h Change | -1.25% |
| RSI(14) | 31.88 |
| SMA20 / SMA50 | 875.33 / 882.62 |
| Daily Volatility | 2.47% |
| 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.
