BNB is currently trading below crucial technical indicators, unable to surpass short- and medium-term moving averages. The token remains under dynamic resistance, indicating a period of consolidation. It is positioned below the 9-day and 20-day EMAs, maintaining a bearish sentiment.
Technical indicators show a reduction in selling pressure, with the RSI stabilizing but not reaching oversold territory. Support is identified between $830 and $840, while resistance is noted between $850 and $860. Order book data reveals significant buy walls below and sell walls above the current price, suggesting that a decisive move beyond these levels is necessary to determine the next trend direction.
BNB Price Stagnates Below Key Moving Averages, Awaits Breakout
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