⬤ BNB has been under pressure lately after dropping from higher levels. The token is now trading around $960, stuck in consolidation mode. The $973 level has become a key barrier that needs to be broken before any real upside momentum can take hold. Right now, the price action shows indecision as buyers and sellers battle it out near this critical zone.
⬤ Many traders are taking a wait-and-see approach, looking for confirmation before jumping into long positions. The focus is on whether bulls can push back above $973 and hold it. Without reclaiming this level, BNB could face continued selling pressure and stay range-bound for longer.
⬤ A clean break above $973 would signal renewed strength and potentially open the door for further gains. On the flip side, if BNB keeps getting rejected at this resistance, it might consolidate further or even slide lower. For now, the market is watching closely to see which direction wins out.
Marina Lyubimova
Marina Lyubimova