๐ก BNB Dips Below $575 as Momentum Weakens โ A Cautionary Signal for Bulls
๐ Date: April 6, 2025
๐ Timeframe: 1D (Daily Chart)
๐ Source: TradingView | BNB/USDT (Binance)
๐ BNB is currently trading at $573.90, down -1.14% on the day. Itโs moving sideways with a bearish lean, having failed to reclaim the $600 level convincingly.
๐น MACD Analysis:
MACD Line: 7.68
Signal Line: 10.25
Histogram: Red
Momentum is shifting bearish again, with the MACD line crossing below the signal. Histogram bars are deepening, hinting at potential continuation of downside.
๐น RSI (Relative Strength Index):
RSI: 53.77
Trending downward, now near neutral territory, showing loss of bullish strength. Still far from oversold, meaning more downside is possible.
๐น Key Resistance: $600โ$615
๐น Major Resistance Zone: $670
๐น Key Support Zone: $550 โ If lost, $500 is the next major area to watch.
๐ Market Snapshot:
BNBโs trend remains indecisive but is now leaning bearish again.
Without reclaiming $600+, bulls may struggle to push forward.
MACD crossover is bearish, while RSI is starting to break structure โ short-term caution warranted.
๐ง Pro Tip from CryptoPulsee:
โBNB thrives in high-volume rallies โ but this isnโt one. Wait for confirmation, not just hope.โ
