BNB Price Shows Bearish Momentum Gaining Strength | Airdrop Alert Pro

BNB price hit an all-time high on December 4, but multiple technical indicators show that it is currently facing a downward trend. BNB’s ADX surged to 31 from 12 the previous day, indicating that bearish momentum is building, signaling the possibility of further downside in the near term.

Prices are currently below the Ichimoku Balance Sheet Cloud, bullish signals are weakening and selling pressure is increasing. If this trend continues, BNB may experience further corrections and potentially test lower support in the coming days.

BNB’s current downward trend suggests more corrections ahead

BNB’s ADX has surged to 31 from 12 a day ago, indicating that the current trend is strengthening. An increase in ADX indicates that the trend has become more defined, and readings above 25 usually indicate a strong trend.

since Binance Coin Price Currently in a downtrend, a higher ADX indicates that bearish momentum is intensifying and if this trend continues, the price may face further downward pressure.

ADX (Average Directional Index) measures the strength of a trend, whether it is bullish or bearish. Values ​​above 25 indicate a strong trend, while values ​​below 20 indicate a weaker or uncertain trend.

and Binance Bank ADX is at 31, which confirms that the downtrend is strengthening. Barring a reversal, the market is likely to face continued selling pressure in the short term.

BNB Ichimoku Cloud Shows Bearish Signal

Binance Coin Price It is currently below the Ichimoku chart, indicating that it is in a bearish phase. The green span of the cloud has thinned and is losing momentum, while the leading span line appears to be flat.

This situation indicates that the uptrend is weakening and the price may face resistance if it attempts to recover and break out of the clouds. Additionally, a price break below the clouds signals increased selling pressure, which could push prices further lower in the short term.

Looking at the indicator lines, Tenkan-sen (blue line) is below Kijun-sen (red line), confirming the presence of bearish momentum. The gap between the two lines indicates that the downtrend is strengthening, as the short-term turning line continues to hold below the slower base line.

This bearish outlook is further supported by the cloud’s red color, indicating negative market sentiment. if Binance Bank If it fails to break out of the clouds, selling pressure may continue and its price may test lower support in the near future.

BNB Price Prediction: Can BNB Fall Below $600 in December?

this Binance Bank The EMA lines represent a bearish signal, forming a death cross because the shortest line has crossed the other lines. This technical pattern is often seen as a sign of waning bullish momentum and suggests that BNB may face further losses.

If the current downtrend continues and fails to hold the $647 support, Binance Coin Price A deeper decline is possible, with a possible test of $622 or even $593. These levels represent key areas of support and are crucial in determining the strength of the downtrend and the likelihood of further losses.

However, if market sentiment shifts and the downward trend reverses, Binance Bank It is likely to find support at the $647 level and move towards the $687 resistance.

A break above this level could signal a reversal of the current downtrend and pave the way for BNB to test higher levels, such as the $761 resistance.