BNB Price Analysis: Downward Adjustment After Hitting $860 Zone, Important Support at $788

BNB ( Binance Coin ) is entering a correction phase after failing to sustain its upward momentum beyond the $860 mark. While buying pressure still exists at important support zones, selling pressure is gradually increasing, causing the price of BNB to face many obstacles in its bounce back. 📉 Recent Price Movement After a strong rally and testing the resistance level of $860, BNB was unable to break through and began a series of downward adjustments. The price has consecutively broken through key support levels at $850, $840, and recently $820. Currently, BNB is trading below the zone $810 and is below the 100-hour simple moving average, indicating a weak signal in the short term. 📊 Technical Support to Note $800: This is the nearest support zone and also the position that forms an important uptrend line on the hourly chart of the BNB/USD pair. Buying pressure is actively operating around this price zone. $788: Key support if $800 is broken. This is the zone that determines whether BNB can continue to bounce back or not. $770 and $750: If BNB continues to weaken below $788, these two zones will serve as the final stop before the market may drop deeper to the zone of $735. 📈 Short-Term Resistance $810: The first resistance level that BNB needs to overcome to regain upward momentum. $820: An important resistance level. If successfully broken, the price could head towards $845. $845 and $860: Breaking through $845 could help BNB regain the uptrend, opening up the opportunity to test the peak of $860. If it continues to break out, the $880 level will be the next target. 📉 Negative Scenario That Could Happen If BNB cannot surpass the $820 mark in the near future, selling pressure may cause the price to bounce back down. A break below the $800 support will push the price to the $788 zone. If $788 is also lost, the downward trend may continue to $770, and even deeper to $735. 🔧 Technical Indicator MACD (time frame): Currently accelerating in the negative zone, indicating that the downtrend is still prevailing.RSI (Relative Strength Index): Currently below 50, showing a lack of decisiveness from the buyers. 📌 Conclusion BNB is in a correction phase after a strong rally. Support zones like $800 and $788 will be important "frontlines" determining the next trend. If they hold, the price may bounce back; conversely, breaking through these supports will open up a scenario for deeper declines. 👉 Investors should closely monitor price action around the $800 - $788 zone and prepare risk management strategies.