BNB Faces Bearish Pressure Despite Booming Ecosystem
BNB has been in focus over the past few weeks, with rising trading volumes and growing interest in its ecosystem, including meme coins like TST. Despite the hype, BNB’s price has fallen more than 3% in the past seven days, reflecting ongoing market uncertainty.
Its DMI shows weaker trend strength and growing sales pressure, while Ichimoku Cloud says bearish. With the EMA line not having a clear direction, BNB is facing a critical momentum because if the downtrend continues, it may recover momentum or drop below $600.
BNB DMI shows buyers trying to gain control, but sellers are rising again
BNB’s DMI chart shows its ADX of 14, reflecting yesterday’s trend intensity as low as 11.1 and briefly rose to nearly 16 a few hours ago.
ADX or Average direction indexmeasure the intensity of the trend without indicating its direction. It ranges from 0 to 100 with a value above 25 indicating a strong trend and a value below 20 indicating a weak or uncertain trend.
ADX at 14, BNB is currently in the low motorcycle stageindicating that the market lacks obvious direction trends.
+DI was 22.5, up from 15.2 yesterday, but dropped from 30.3 hours ago, which suggests increased buying pressure but then weakened. Meanwhile, -DI is 23.5, up from 14.2 a day ago, indicating an increase in sales pressure.
The proximity of +DI and -DI shows a tug of war between buyers and sellers, reflecting market hesitation. ADX low and +di and -di are close to each other, BNB prices may remain range-limited until a stronger trend appears.
If +di crosses -di, it may indicate a bullish reversal, while -DI maintains an advantage may lead to further disadvantages.
Ichimoku Cloud displays bearish settings
Ichimoku Cloud BNB shows bearish outlook. Prices are currently trading below the cloud, indicating a downward momentum. The red cloud in front of you shows resistance, making it challenging BNB exceeds current level.
Tenkan-Sen (blue line) is below the Kijun-Sen (orange line), confirming a bearish crossover, and usually the signal continues to sell pressure.
In addition, Chikou span (green line) is below the price action, supporting bearish sentiment. If this downward trend continues BNB can test for lower support levels.
However, a breakthrough will be needed above the red cloud to turn to the bullish outlook. Currently, the bearish structure remains intact, indicating further downside risks.
BNB may drop below $600
BNB’s EMA line is currently very close, indicating a lack of a clear trend direction. This merger shows market hesitationneither bull nor bear control.
Nevertheless, BNB has been in the spotlight lately, with trading volume exceeding Solana and Meme coins (such as TST) attract attention in the BNB ecosystem.
If it can resume positive momentum, it can test resistance at $685, and breaking this level could raise the price to $731.
However, if there is a downward trend, BNB price Support can be tested for $629. Losing this level could result in a drop of $589, marking the first drop since February 8 to below $600.
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.
