BNB Price Stuck at Resistance: Will Bulls Reclaim $772?
BNB is trading at $762.17, parked in a bullish trend structure according to Caroline Bishop's analysis. The cryptocurrency has been comfortably above its major moving averages, the 7-day, 20-day, 50-day, and 200-day SMA, which indicates a sustained trend.
The entire moving average stack is in perfect bull sequence, with shorter averages stacked cleanly above longer ones. This setup means trend-followers have been buying every dip for months, indicating a strong uptrend.
However, the market is currently compressing between $745 and $768.92, with immediate resistance at $772.39 and strong resistance at $782.62 sitting just overhead. The daily ATR of $23.45 suggests that a single decisive session can settle whether this rally has conviction or is running on borrowed energy.
The MACD histogram has flatlined to zero, indicating a neutralization of the bullish impulse that drove this rally. This warning sign means buyers need to step up with fresh ammunition or this move starts to fade.