What the Chart Is Telling Us
The Momentum Meter (RSI): Think of the RSI like a rubber band. The more you stretch it in one direction, the more likely it snaps back. Right now it's sitting at 35.68 nearly as stretched as it gets before a rebound. In plain terms: the selling has been so aggressive, it's starting to look exhausted.
The Price Envelope (Bollinger Bands): These bands act like a channel the price tends to stay inside. BNB at $606 has dropped well below the midpoint ($706) and bounced right near the bottom edge ($524). When price touches that lower wall and holds, it's often the market catching its breath before heading back toward the middle. That midpoint at ~$706 is the natural target to watch.
Volume (Who's Actually Selling?): Volume tells you *how many people* are acting on a move. The big sell-off came with massive volume lots of panic. But now? That volume is quietly fading. Fewer sellers showing up means the panic is cooling down. The people who *needed* to sell have mostly already sold.
The Big Picture: What we just saw is called a "capitulation" a moment when fear peaks and everyone dumps at once. These events are painful, but they often mark a turning point. When prices are falling and the panicked sellers dry up, patient buyers tend to quietly step in.
📉 Is $BNB Setting Up for a Rebound? Here's What I'm Watching
After a sharp drop down to the $570 area, BNB is starting to show some really interesting signals on the 12-hour chart. Here's the simple version of what I'm seeing:
The momentum indicator is almost fully stretched to the downside historically, that's where bounces begin. Price is holding above a key support level near the bottom of its normal range, and the wave of heavy selling is clearly slowing down. Fewer sellers mean less pressure pushing the price down.
What does this mean? The panic sellers have mostly done their thing. The price is now in a zone where patient buyers tend to show up quietly before the crowd notices.
The level to keep your eyes on is $570. As long as that holds, the path of least resistance could be back toward $706 as the first real target.
This isn't financial advice always manage your risk. But if you've been waiting for a more reasonable entry point on BNB, the chart is at least worth a close look right now.
What are you seeing? Drop your thoughts below. 👇