BNB Remains Resilient Amid Market Crash as Ecosystem Grows
BNB has dropped 8% in the past 30 days, but its correction is still higher than BTC, ETH, XRP and sol. Today’s overall cryptocurrency market has fallen nearly 10%, while BNB is still resilient.
Despite the bearish trend, BNB’s ecosystem remains strong. The largest DEX Pancakeswap has incurred more fees in the past seven days than Uniswap and super liquidity. exist In the coming weeks, the National Volume could lose more than $586, with a target level of nearly $635 or even $680.
BNB DMI shows seller re-control
The directional motion index (DMI) of BNB shows that its average directional index (ADX) is currently 28.5, up from 22.8 yesterday, indicating that the current trend is strengthening.
ADX measures trend strength, but cannot guide direction, which means that whether it is bullish or bearish, the rise in ADX indicates an increase in momentum.
In this case, it is still in a downward trend, and strengthening ADX shows that bearish pressure is becoming increasingly dominant. Unless the purchase activity canmoving downwards may accelerate.
+DI (positive direction indicator) has dropped to 14.3 from 28.2 two days ago, indicating that bullish momentum has been significantly weakened.
Meanwhile, -di (negative direction indicator) has soared to 28.99 in the 15 days ago, confirming that sales pressure is increasing.
Now -di is now much higher than +di, the bear is completely under control, and BNB prices may remain stressful. If this trend continues, BNB may drop further unless the Bulls step in to reverse the momentum.
Ichimoku Cloud shows BNB’s bearish settings
Ichimoku Cloud BNB shows that the price is currently trading much lower than the cloudconfirm the bearish trend. The sharp drop started after the tenkan-sen (blue line) rejection, which was tilting downward, exacerbating short-term weaknesses.
Furthermore, Kijun-sen (red line) is still above the price, indicating momentum is favorable to bears. Unless BNB retracts these key levels, the downward trend may continue in the upcoming meeting.
The clouds in the future are still red, indicating that bearish conditions may persist. When the price is below the cloud, it indicates a significant downward trend, and a breakthrough beyond is necessary to turn to the bullishness of moving volume again.
Currently, BNB faces resistance from Tenkan-Sen and Kijun-Sen, and failure to recover from these levels may lead to further disadvantages. if BNB stays under the cloudsales pressure may continue, making it difficult for the Bulls to regain control.
BNB is currently trading two important key levels
BNB price is currently trading Between $559 support and $586 resistor, price action consolidates within this range. If the support for $559 has been tested and lost, BNB may drop further Priced at $500, a key level.
A break below $500 will be significant as it marks the first trade below since September 2024.
Since momentum indicators still favor bears, further disadvantages are still possible if the buying pressure does not increase.
On the other hand, if it can exceed $586, it may give the $635 resistance power.
Successful moves above this level will indicate a greater uptrend, Possible push for BNB $680 for sale.
To unfold this, the Bulls need to recover key resistance levels and reverse current bearish sentiment. A sustained breakthrough of more than $635 will be the first sign of a trend shift.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.
