Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
1.26 BNB Long-term Analysis
BNB continues to maintain a bearish outlook. After the price dipped to a low of 856 yesterday, it experienced a technical rebound. However, the rebound was weak, and the upward momentum faced significant resistance, failing to break through the key resistance zone.
From a technical perspective, the Bollinger Bands remain in a downward-opening shape, with the price continuously trading in the weak zone between the middle and lower bands. The MACD green bars are expanding, indicating that the bearish momentum dominates; the short-term moving averages are arranged in a bearish alignment, further suppressing the upward space, and the bearish pattern remains unchanged.
Considering the current market sentiment and macro environment, mainstream cryptocurrencies show weak correlation, with funds favoring safe-haven assets. BNB lacks the upward momentum to support a rally.
Trading suggestion: Gradually open short positions in the 876-880 range, targeting 860-850. If the support breaks, continue to watch for a move toward 840.