Sentiment: Bearish
BNB is showing significant technical weakness as it trades at $1,094, down over 13% in 24 hours amid heavy selling pressure. The current price sits well below both the 20-day SMA ($1,166) and 50-day SMA ($1,223), indicating strong bearish momentum. With RSI deeply oversold at 29.5, we’re approaching levels that have historically preceded short-term bounces. However, the high volatility reading of 5.7% suggests continued turbulence. Volume remains elevated at over $2 billion, confirming institutional participation in this move. Traders should watch for potential support around the $1,050-$1,080 zone where previous consolidation occurred. Aggressive traders might consider scaling into long positions with tight stops below $1,040, while conservative investors should wait for RSI recovery above 35 and a break back above the 20-day SMA before entering. The broader market sentiment remains cautious, but oversold conditions could trigger a technical rebound.
Key Metrics
| Price | 1094.4800 USDT |
| 24h Change | -13.61% |
| 24h Volume | 2066337101.56 |
| RSI(14) | 29.51 |
| SMA20 / SMA50 | 1165.93 / 1223.45 |
| Daily Volatility | 5.72% |
BNB — 1h candles, 7D window (SMA20/SMA50, RSI).
