The market is quite heated today. Vanguard has officially opened up crypto investment channels, and the Federal Reserve has also confirmed the end of the tightening cycle, making the overall market sentiment very warm. BNB has soared from $808 all the way to $911, an increase of over 12%!
But interestingly, the price "hit the brakes" around $910, oscillating repeatedly within the $890-$910 range. Is this just a normal pause after a surge, or a sign that the bulls are running out of steam?
**Positive news indeed, but don’t get too carried away**
Yesterday’s bullish headlines—from Wall Street giants entering the market to a global shift in liquidity policies—are enough to excite the market for a while. For the entire crypto ecosystem, these are indeed long-term confidence boosters. As a leading platform token, BNB will naturally benefit.
However, as the saying goes: when good news is already known to everyone, its short-term impact on price usually fades. What really matters now is whether this "warm breeze" can help BNB break through the layers of technical resistance.
**Technical analysis: $911 is today’s battleground**
Looking at the 4-hour chart, it’s clear. $911 is a significant dividing line—if BNB holds above it, the next target is $940; if not, it might pull back to gather momentum.
The key detail is: although the MACD has formed a golden cross above the zero line ( which is theoretically bullish ), the strength of the red bars is clearly waning. This shows that upward momentum isn’t strong. If the price keeps testing the $905-$911 range without breaking through, the probability of a short-term correction increases.
Below, the first support is at $870-$880, and the real strong support is around $810. If you’re the type who wants to go all-in as soon as you see a rally, it’s better to stay calm—waiting for a clear direction before acting may be much safer than chasing the highs.
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GateUser-e51e87c7
· 15h ago
hnb this wave is a bit weak, it died at 910, and the red bars are losing momentum.
View OriginalReply0
GateUser-a5fa8bd0
· 18h ago
911 this level is indeed interesting, it seems the bulls are stuck here.
View OriginalReply0
PancakeFlippa
· 12-10 11:47
911 staking is so rigid, bullishness really has no energy left.
View OriginalReply0
YieldHunter
· 12-09 14:09
ngl the 910 rejection screams energy depletion to me. yeah the macro backdrop looks decent but if you actually look at the macd histogram—energy's already fading. this feels like textbook fomo trap tbh
Reply0
RugResistant
· 12-09 14:08
ngl, 911's looking sus rn... macd energy drying up is a red flag i'd watch closer. been around long enough to know when fomo's doing the heavy lifting instead of actual momentum. safer play is waiting for a clean breakdown below 905 before assuming this pump's got legs. common pattern before the rug.
Reply0
FUD_Vaccinated
· 12-09 14:00
The 911 level is really boring, it feels like the bulls are testing the resistance above, and it's hard to say whether it can break through or not.
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CryptoCross-TalkClub
· 12-09 13:49
LOL, once again positive news is all over the place but the price just moves sideways and no one’s buying. I’ve seen this script so many times I can recite it.
911 is stuck at the same level, the bulls are running out of steam. Feels like just one red candle and we’ll see a pullback.
For those who chased the pump, don’t say I didn’t warn you—see you at 810.
View OriginalReply0
TooScaredToSell
· 12-09 13:46
The 911 position is a bit awkward. I'm a bit concerned about the shrinking red bar momentum... I feel like things might just stay like this going forward.
The market is quite heated today. Vanguard has officially opened up crypto investment channels, and the Federal Reserve has also confirmed the end of the tightening cycle, making the overall market sentiment very warm. BNB has soared from $808 all the way to $911, an increase of over 12%!
But interestingly, the price "hit the brakes" around $910, oscillating repeatedly within the $890-$910 range. Is this just a normal pause after a surge, or a sign that the bulls are running out of steam?
**Positive news indeed, but don’t get too carried away**
Yesterday’s bullish headlines—from Wall Street giants entering the market to a global shift in liquidity policies—are enough to excite the market for a while. For the entire crypto ecosystem, these are indeed long-term confidence boosters. As a leading platform token, BNB will naturally benefit.
However, as the saying goes: when good news is already known to everyone, its short-term impact on price usually fades. What really matters now is whether this "warm breeze" can help BNB break through the layers of technical resistance.
**Technical analysis: $911 is today’s battleground**
Looking at the 4-hour chart, it’s clear. $911 is a significant dividing line—if BNB holds above it, the next target is $940; if not, it might pull back to gather momentum.
The key detail is: although the MACD has formed a golden cross above the zero line ( which is theoretically bullish ), the strength of the red bars is clearly waning. This shows that upward momentum isn’t strong. If the price keeps testing the $905-$911 range without breaking through, the probability of a short-term correction increases.
Below, the first support is at $870-$880, and the real strong support is around $810. If you’re the type who wants to go all-in as soon as you see a rally, it’s better to stay calm—waiting for a clear direction before acting may be much safer than chasing the highs.