BNB is currently trading near a key support and resistance zone, a historically significant area that has acted as both supply and demand over the past few years. After reaching its all-time high (ATH) near $793, price has been gradually correcting, and is now approaching a critical point.
The 50-week EMA (Exponential Moving Average) is acting as dynamic support, and so far has played a strong role in providing bounce zones during corrections. This EMA is currently being tested once again, and price action around it will be crucial.
Just below this lies a major horizontal support zone around $415–$430, which previously served as a breakout base in 2023. If this area holds, BNB could see a rebound attempt.
The 50-week EMA (Exponential Moving Average) is acting as dynamic support, and so far has played a strong role in providing bounce zones during corrections. This EMA is currently being tested once again, and price action around it will be crucial.
Just below this lies a major horizontal support zone around $415–$430, which previously served as a breakout base in 2023. If this area holds, BNB could see a rebound attempt.
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