$BNB /USDT is in the middle of a high-volatility shakeout, and the chart is telling a tense story. Price is currently trading around $698.9, down roughly 7.8% on the day after rejecting hard from the $765 high. Bears pushed BNB to a session low near $687.3, where buyers finally stepped in to defend support. On the intraday timeframe, price is moving below the MA(25) and well under the MA(99) near $732, confirming short-term bearish control, while the MA(7) is trying to curl upward, hinting at a possible relief bounce.
Volume remains elevated, showing active participation from both panic sellers and dip buyers. As long as BNB holds above the $685–690 demand zone, a short squeeze toward $710–720 is possible. However, failure to reclaim $705+ could open the door for another liquidity sweep below support. Market sentiment is cautious but alert—this is the kind of zone where sharp reversals are born. Keep eyes on volume expansion and candle closes; BNB is loading up for its next decisive move on Binance.
BNB
658.06
-10.10%