reporter
Post:
- BNB is struggling to break the resistance of the past, and the funding fee suggests uncertainty among traders.
- Decline of less than $ 640 can cause more disadvantages, and more than $ 700 pushes can be seen with optimistic momentum.
Binance Coin (BNB) is trading within the defined channel and has maintained more than $ 620 support, facing resistance near the $ 700 score.
The price trajectory of the asset shows signs of strengthening volatility, but the warm -chain metrics suggests potential deviations that can define the next major movement.
BNB: Resistance and Support Zone
The 12 -hour chart of the BNB showed symmetrical integration, and the price behavior had a vibration between the downward slope resistance line and the level of horizontal support.
The 50 -day mobile average (MA) served as a broker support for $ 640.2 in the prestation time, and the 200 -day MA recently strengthened the resistance of $ 674.1 near the highest level.
Source: TradingView
BNB struggled to go beyond the top trend line of nearly $ 700, showing strong sales pressure at that level.
If the price crosses this barrier decisively, the next main resistance area is about $ 740, which is consistent with the previous rejection.
On the contrary, if the seller dominates, the BNB was able to test for $ 620, and the extended decrease allowed $ 580 to focus on the core demand area.
Fund support ratio and market sentiment
The BNB public interest rate chart has recently emphasized the trend of negative financing rates.
Historically, such a decrease indicates that short sellers pay premiums, which can increase weak feelings.
But over the last two weeks, the frequency of negative funds suggests that uncertainty between traders is increased rather than a firm decline.
Source: COINGLASS
If the price is steadily maintained while the funds are maintained in a negative area, you can set the stage of the short squeeze scenario where the short short -term short position rebounds.
Potential price scenario: Kang Se -dae Bear Rishi
Strong case: If the BNB maintains more than $ 680 exercise and convincingly violates $ 700, a rally for $ 740 may be held.
Powerful trading volume and new interest in developing Binance can support these upward measures.
Weakness: If you do not have $ 640, you can strengthen the sales pressure to push the BNB to $ 620. Additional breakdowns can play $ 580, which can lead to a great loss of control.
Final thought
The price measures of BNB remain at an important inflection point that is still optimistic and still weak.
Traders need to monitor the financing rate and loss of resistance because the BNB can decide whether the head slides into a deeper correction area for escape.