BNB has been in the spotlight in the past few weeks, with the increased trading volume and increasing interest in its ecosystem, including Meme currencies like TST. Despite the noise, the BNB price has decreased by more than 3 % in the past seven days, reflecting the continued uncertainty in the market.
DMI shows weak direction strength and increased selling pressure, while Ichimoku cloud indicates a decreased preparation. With no EMA lines that do not show any clear direction, BNB faces a critical moment as it can restore momentum or decrease to less than $ 600 if the declining direction continues.
BNB DMI displays buyers who tried to control, but sellers rise again
The BNB ADX DMI diagram appears in 14 years, reflecting the weak direction after touching a decrease of 11.1
ADX, or medium trend index, measures the strength of the direction without indicating its direction. It ranges from 0 to 100, with values above 25 indicates a strong direction and values less than 20, which indicates a weak or unlimited direction.
With ADX in 14, BNB is currently in a low stage of channels, indicating that the market lacks a clear direction.
+Di at 22.5, height from 15.2 yesterday but decreased from 30.3 a few hours ago, indicating increased purchase pressure but then weak. Meanwhile, -Di at 23.5, rises from 14.2 a day ago, indicating an increase in the pressure pressure.
Near +Di and -Di appear tightening the rope between buyers and sellers, which reflects the market frequency. With ADX LOW, +DI and -Di +near each other, the BNB price is likely to remain linked to the range until it appears a stronger direction.
If +Di crosses above -DI, it may indicate a bullish reflection, while maintaining hegemony may lead to more negative side.
Ichimoku Cloud has a declining preparation
The Ichimoku cloud of BNB shows a downward look. The price is currently being traded below the cloud, indicating the declining momentum. The red cloud suggests resistance resistance, making it difficult for BNB to break the highest levels.
Located (Blue Line) is located at the bottom of Kijun-Sen, which confirms a declining intersection, which usually continues to sell pressure.
In addition, Chikou SPAN (green line) is less than price movement, which supports landfill. If this landmark continues, BNB can test low support levels.
However, there will be a need for an outbreak over the red cloud to turn into the upholstery. Currently, the declining structure is still intact, indicating more negative risks.
BNB can decrease to less than $ 600
BNB EMA lines are currently very close to each other, indicating that there is no clear direction. This monotheism indicates that the market is not declining, without controlling bulls or bears.
Nevertheless, the BNB was in the spotlight recently, where the trading volume exceeded the Solana and Meme currency like TST in the BNB ecosystem.
If he can restore positive momentum, he can test the resistance at $ 685, and this level broken may pay the price to $ 731.
However, in the event of the declining direction, the BNB price can test support at $ 629. Loss of this level may lead to a decrease to $ 589, which represents the first decrease less than $ 600 since February 8.
Disintegration
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