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BNB at a Crossroads: Bearish Breakdown vs. Bullish Flag – Who Wins?
BNB at a Crossroads: Bearish Breakdown vs. Bullish Flag – Who Wins?
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[TRADE_PLUGIN]BNBUSDT,BNBUSDT[/TRADE_PLUGIN]
BNB News -
BNB finds itself at a pivotal moment, caught between opposing technical indicators. A bearish breakdown below $633.99 threatens key support levels, while a bullish flag pattern hints at possible upward momentum. This conflict leaves traders uncertain about the coin's short-term direction.
Analyst Thomas Anderson pinpoints the immediate battleground at the $626.95 support level. With the 200 MA forming resistance between $642-$645, BNB faces significant overhead pressure. Bearish signals aligning across M30 and H1 timeframes reinforce the potential for further downside—if current support fails to hold.
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