Attention traders! Today Saturday January 31, BNB/USDT dropped 4.47%, hitting a 24h low of 805.00 with current price at 812.05.
The 5min chart shows a clear bearish trend: EMAs (7, 25, 99) are crossing downward, confirming strong bearish momentum.
MACD remains negative (DIF: -6.47, MACD: -1.11), signaling heavy selling pressure. However, RSI readings (6: 33.79, 12: 25.95, 24: 25.80) are deep in oversold territory, which could set up an imminent bounce if volume (242K BNB) picks up.
Dip-buying opportunity?
Watch support around 800 closely. Share your take! 📉
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