BNB Holds Support at $710 as Momentum Weakens

The BNB token has maintained support at around $710 despite weakening daily momentum. The price has been consolidating within a tight range of approximately $710 to $730, with repeated defenses of the lower boundary indicating that buyers remain active in this area.

However, the lack of a sustained move above $730 suggests that demand has not yet regained full control. The token's broader structure still includes higher lows from the July bottom near $550, but the decline from the September high has interrupted the previous bullish momentum and left BNB searching for a new short-term direction.

The 4-hour indicators point to a neutral setup, with the relative strength index (RSI) standing at 50.84, just above its moving average of 46.26. The RSI's recovery above 50 offers a modest positive signal, but it has not reached the 60-70 area associated with stronger bullish momentum.

The daily MACD recorded a bearish crossover, while the histogram fell to -5.04, warning of fading bullish momentum. Aroon readings show limited directional strength, supporting the range-bound structure visible since the price retreated from nearly $780.