Money and business

BNB paradoxes .. Is the pattern of “rising science” victory or breaks down the decisive support?

The BNB coin lives in a decisive moment in light of a fierce technical struggle between two contradictory references. On the one hand there is a descending fracture that threatens main support levels, and from others an emerging science pattern appears that may indicate an imminent ascension.

This contradiction in the signs puts traders and investors in front of the dilemma of any of the two directions that will settle the battle?

In light of this mutual pressure, the understanding of technical details becomes a necessity to anticipate the currency course in the short term.

BNB is under pressure at a pivotal support levels

In a 30 -minute technical analysis, analyst Thomas Anderson indicated that BNB is currently testing the yellow support line at $ 626.95 after breaking the turquoise price level at $ 633.99.

This fracture led to a decrease in short -term morale, indicating the start of sellers in price movement.

Anderson added that the average movement for 200 days (the red line), which is between 642 and 645 dollars, is now a dynamic resistance area, making it difficult for the price to try to climb without being met with immediate rejection.

He emphasized that the watch frame also supports the downward trend, as the price continues to trade without both the turquoise level and an average of 200 days, which enhances the chances of continuing to drop if the price fails to persevere over 626.95 dollars.

Consequently, as long as buyers are unable to restore important resistance levels, the general view remains negative, and it is recommended to monitor price behavior on the current support to determine the direction of the next movement.

The pattern of emerging flag gives hope to resume ascension

Despite the previous negative outlook, analyst El Zippo expressed his optimism about the BNB movement in a recent publication on the X platform, stressing that the currency still has an opportunity to rise, challenging the pessimistic general orientation.

In his opinion, Zippo is based on the emergence of the “emerging science” pattern on the graph, which is known as a sign of the continuation of the upward direction after a period of cohesion.

Zippo believes that this model may be an indication of BNB’s willingness to launch again if appropriate market conditions are available.

At the time of writing this report, BNB was trading around the level of $ 623 with a relative stability in the movement, and the market value of the currency is about $ 87.7 billion, reflecting the continued interest of investors.

The currency also recorded a daily trading volume of approximately $ 1.8 billion, while it achieved 2.11% gains in the price and 13.22% in the trading volume within only 24 hours, which indicates the return of positive activity and trust gradually to the market.

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