BNB price consolidates between $900–$1,020 under moving average pressure
BNB price has rebounded from a low of $881 to around $1,000 but remains capped by key moving averages. The 21-day SMA has crossed below the 50-day SMA, signaling downward pressure. On the daily chart, BNB price trades below the 21-day SMA but above the 50-day SMA, while the 4-hour chart shows range-bound action between $900 and $1,020. Volume remains subdued, reflecting market indecision. Traders should watch for a sustained break above $1,020 (21-day SMA) to target highs near $1,318–$1,375, or a drop below $900 to extend the bearish trend toward $891.
Bearish
The crossover of the 21-day SMA below the 50-day SMA, capped rallies at $1,020–$1,040, and subdued volume point to bearish sentiment in the short term. Range-bound trading between $900 and $1,020 suggests indecision, but a failure to reclaim key moving averages risks extending the downtrend toward $891. Only a decisive break above the 21-day SMA could shift momentum. Traders should prepare for further downside pressure unless proven otherwise.