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Summary
• Price declined from 868.94 to 840.79, forming bearish patterns and hitting key support levels.
• Volatility increased with a 24-hour turnover of $46.3M and volume peaking near 7,000 BTC.
• RSI reached oversold territory, while MACD showed bearish momentum with a negative divergence.
• Bollinger Bands widened during the drop, signaling a period of heightened volatility.
• Fibonacci levels at 850.11 and 840.28 became relevant as potential support and short-term bounce points.
BNB/Tether (BNBUSDT) opened at 868.94 (12:00 ET − 1) and closed at 840.79 by 12:00 ET today, with a low of 838.24 and a high of 869.16. The 24-hour trading volume was 44,690.52
, with a notional turnover of approximately $46.3M, reflecting elevated bearish pressure and volatility.
Looking ahead, the 840.28 level may act as a psychological floor. A break below this could target 830.0, while a rebound from the 850.11 level could see a temporary bounce. Investors should remain cautious, as momentum indicators suggest a high probability of further downward testing over the next 24 hours.
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