The chart shows that BNB has hit a significant speed bump. After a strong rally that peaked near $960, the price has faced a sharp rejection. We are currently seeing a "red flush," with the price sitting at $879.96, down about 5.17% in the last 24 hours.
The most concerning part of this chart is that the price has sliced right through the MA(7) (Yellow line) and the MA(25) (Purple line). Usually, when a coin stays above these lines, the trend is "bullish." Breaking below them suggests the short-term momentum has shifted from the buyers to the sellers.
The price is currently searching for a floor. The last major "bounce" area was around the $820 - $850 zone. If it doesn't hold here, we might see a deeper correction.
The RSI(6) is at 27.31. This is technically in the "Oversold" territory (anything under 30 is considered cheap). While this sounds bad, it actually means the selling is getting exhausted. A bounce-back often happens when the RSI gets this low, as buyers step in looking for a discount.
The KDJ lines are pointing sharply downward. The "J" value is actually negative (-5.60), which confirms extreme selling pressure. Usually, when the lines are this compressed at the bottom, a "Gold Cross" (upward crossover) is the next big signal to watch for.
The 24h high was $928, and the low was $867. The fact that we are trading closer to the low suggests that the "bears" (sellers) are still in control for the moment. However, the volume (185k BNB) is decent, showing there is still active interest in the coin at these levels.
If BNB stays below the $900 mark (the MA-25 line), it remains in a "danger zone." It could consolidate or drift lower toward $821 to retest previous support levels.
Because the RSI is so low (Oversold), the "crash" might be nearing its end. If you see a green candle start to form near $870, it could be the start of a recovery. The first target for a recovery would be getting back above $900 - $920.
Right now, the market is "bleeding." It’s a risky time to jump in with a large position. It is better to wait .
