Binance Coin (BNBUSD) declined slightly in its latest intraday trading under continued negative pressure from trading below the 50-day SMA and within the dominance of a short-term corrective bearish trend, with trading along a descending line. Meanwhile, the relative strength indicators have reached extremely overbought levels compared to the price movement, accompanied by the early appearance of a bearish crossover, which further intensifies the negative pressure around the cryptocurrency.

 

Therefore, we expect the cryptocurrency to decline in its upcoming intraday trading as long as the resistance level of $1,181.90 holds, targeting the key support level of $1,020.50.

 

Today’s price forecast: Bearish.