Market Overview: BNB/Yen (BNBJPY) 24-Hour Analysis

• BNB/Yen declined 9.2% over the last 24 hours, forming a bearish divergence in volume.
• Price broke below a 61.8% Fibonacci retracement level, signaling a possible continuation of the downtrend.
• Volatility expanded as the asset traded within widening Bollinger Bands, indicating increased uncertainty.
• RSI remains in oversold territory, suggesting a potential short-term rebound could occur.
• MACD crossed into negative territory with bearish momentum, reinforcing the bias for lower prices.

BNB/Yen (BNBJPY) opened at ¥165,905 at 12:00 ET − 1 and closed at ¥152,125 by 12:00 ET. The 24-hour period saw a high of ¥167,715 and a low of ¥155,785. Total volume traded was 943.3032 BNB, with a turnover of ¥153,598,013. The price action reflects a bearish continuation, with key resistance and support levels being tested repeatedly over the session.

Structure and formations suggest a strong bearish bias. A notable bearish engulfing pattern emerged in the early afternoon, followed by a breakdown below the 61.8% Fibonacci level of ¥157,800. This breakdown may reinforce the probability of a further decline toward ¥148,000. A key support zone exists between ¥151,000 and ¥148,000, which has been tested multiple times in the past. The 50-period moving average on the 15-minute chart crossed below the 20-period line, confirming a bearish crossover. On the daily chart, the 50- and 200-day moving averages remain in a bearish alignment, with the 100-day line acting as a temporary resistance.

Momentum indicators reinforce the bearish trend. The MACD crossed below the signal line in the morning, forming a death cross, while the RSI dropped into oversold territory near 28, suggesting a possible short-term bounce. However, the absence of a sustained volume rebound indicates that the bearish pressure remains intact. Bollinger Bands widened significantly as price action moved through a volatile phase, with the asset trading near the lower band, suggesting potential for a mean reversion, although the overall trend remains bearish.

Fibonacci retracements of the recent 15-minute swing show a key support level at ¥151,134 (38.2%), which was tested in the midday session. On the daily chart, the 61.8% level of ¥151,360 may now act as a dynamic support, though it appears vulnerable to a break. Volume and turnover diverged in the late afternoon, with a sharp drop in volume despite continued price decline, signaling weakening conviction in the bearish move. This divergence may hint at an upcoming reversal or consolidation phase in the near term.