BNB Price Action Stalls Amid Resistance, Shakeout Predicted

BNB's price action has been stagnant at $775.49 due to a dense resistance cluster and flat MACD momentum, causing hesitation among buyers.

The token is wedged beneath a two-layer resistance ceiling, with the market indicating that buyers are losing conviction at this altitude.

Despite a bullish medium-term trend, the short-term SMA 7 has slipped below the current price, suggesting intraday distribution rather than consolidation.

The broader Layer-1 narrative still favors BNB structurally due to deep DeFi liquidity and correlation with Bitcoin, but the entry risk on the long side is elevated.