What are the support and resistance levels for $BNB?
| Level | Price (USD) | Description |
|---|---|---|
| Support 1 | $1150 | 100 EMA is the 100-day Exponential Moving Average. It is the average price over the last 100 days. It shows market trends over a mid or long term. |
| Support 2 | $1080 | Bollinger Bands are volatility bands. They expand and contract based on the market volatility. The lower Bollinger Band is the lower deviation from the 20-day simple moving average. |
| Resistance 1 | $1250 | 50 EMA is the 50-day Exponential Moving Average. It is the average price over the last 50 days. It shows market trends over a short or mid-term. |
| Resistance 2 | $1320 | Upper Bollinger Band is the upper deviation from the 20-day simple moving average. |
FAQ
What price targets should I consider for BNB $BNB?
Support at $1150. Resistance near $1320. Extension target $1589.
Should I sell BNB to take profits or wait?
Stochastic RSI is 65. Resistance sits at $1320. Place stop-loss below $1100.
How do I set stop-loss levels for BNB?
Place stops below $1100 support. Consider using swing lows as reference points.
What are the BNB moving averages indicating?
EMA50 is at $1250. EMA100 is at $1150. BNB trades at $1203. Compare these values to determine trend direction.
What should a buyer or seller do?
Buyers can enter near $1150 or $1080. Place stops below $1100. Sellers can exit near $1320 or $1589. Take profits at $1589. Manage your risk carefully.
How do Fibonacci levels affect BNB price?
Fibonacci 61.8% level sits at $863. Fibonacci 138.2% extension targets $1589.
What does $BNB momentum show?
Stochastic RSI K reads 68. Values above 80 mean overbought conditions. Values below 20 mean oversold conditions. And values between 20-80 show neutral momentum.
Conclusion
BNB holds $1150 support well. Resistance at $1320 is key. Momentum is neutral. A breakout is possible soon. Watch for volume confirmation. Manage your risk carefully.