The BNB has been under the spotlight in recent weeks, with an increase in the volume of trading and an increasing interest in its ecosystem, including parts even as TST. Despite the media threshing, the price of BNB is down more than 3% in the last seven days, reflecting the continuous uncertainty of the market.
Its DMI shows a low trend force and increasing sale pressure, while the Ichimoku cloud indicates a downward configuration. With EMA lines showing no clear direction, BNB faces a critical moment because it could resume the momentum or fall below $ 600 if the downward trend continues.
BNB DMI shows that buyers have tried to take control, but the sellers increase again
The BNB DMI graph shows its ADX at 14, reflecting a low trend force after touching a hollow of 11.1 yesterday and briefly increased to almost 16 years ago.
ADX, or the average directional index, measures the strength of a trend without indicating its direction. It varies from 0 to 100, with values greater than 25 indicating a strong trend and values below 20 suggesting a low or not defined trend.
With ADX at 14, BNB is currently in a low attempted phase, indicating that the market does not have a clear directional trend.
+ DI is 22.5, against 15.2 yesterday, but against 30.3 a few hours ago, suggesting that the purchase pressure increased but then weakens. Meanwhile, -Di is 23.5, going from 14.2 one day, indicating increasing sales pressure.
The proximity of + DI and -DI shows a showdown between buyers and sellers, reflecting the indecision of the market. With ADX Low and + DI and -DI near each other, the BNB price should remain linked to the beach until a stronger trend emerges.
If + di crosses -Di, this could point out a bullish reversal, while dominance -di could lead to a new drop.
The Ichimoku cloud shows a downstream configuration
The Ichimoku cloud for BNB shows a downward perspective. The price is currently negotiated below the cloud, indicating the momentum. The red cloud to come suggests a resistance, which makes BNB difficult to break the current levels.
Tenkan-Sen (blue line) is below the Kijun-Sen (orange line), confirming a bearish crossing, which generally signals a continuous sale pressure.
In addition, the Span Chikou (Green Line) is lower than the action of the prices, supporting the lowering feeling. If this downward trend continues, BNB could test lower support levels.
However, an escape above the red cloud would be necessary to move on to an increased perspective. For the moment, the lowering structure remains intact, suggesting other risks downwards.
BNB could fall below $ 600
The EMA lines of BNB are currently very close to each other, indicating a lack of clear trend direction. This consolidation suggests the indecision of the market, neither the bulls nor the bear taking control.
Despite this, BNB was recently under the spotlight, with its volume of trading exceeding the parts of Solana and even as TST attracting attention within the BNB ecosystem.
If he can resume a positive impetus, he could test the resistance at $ 685, and the rupture of this level could push the price to $ 731.
However, if a downward trend emerges, the BNB price could test the support at $ 629. The loss of this level could lead to a drop to $ 589, marking its first drop below $ 600 since February 8.
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