BNB Price Analysis: A Potential Bullish Move on the Horizon
The BNB price has been defending the $800 support level, with momentum stabilizing and the Relative Strength Index (RSI) returning to neutral territory. This development, combined with the price reclaiming key volume levels, suggests a possible bullish move. The $800 level has become a critical demand area, reinforced by repeated closes above the Value Area low and the lack of decisive bearish follow-ups.
At the same time, momentum indicators are starting to normalize, indicating that selling pressure may be easing and a near-term shift in trends is emerging. The RSI normalization suggests a momentum shift, and the Point of Control (POC) recovery opens an uptrend towards $966-996. The BNB price is up more than 22% year-to-date, according to data from CoinGecko.
Key Technical Points of BNB Price
The $800 level remains a key support on the timeframe, with the Value Area Low (VAL) acting as dynamic support during pullbacks. The Control Point (POC) has been recaptured on an end-of-day basis, representing a pivot point between bearish and bullish control. From a price action perspective, BNB’s ability to stay above $800 on a closing basis is a constructive signal.
BNBUSDT (1D) chart, source: TradingView
The RSI Signals Momentum Normalization
Momentum indicators further support the developing bullish case. The RSI has returned to neutral territory after a previous downtrend, indicating that bearish momentum has weakened. More importantly, the RSI is now making higher lows, a classic sign that momentum is gradually shifting in favor of buyers.
While the RSI alone does not confirm a trend reversal, its behavior during transitions often precedes price movements. If the RSI stabilizes and begins to rise from oversold or weak conditions while price maintains key support, the likelihood of an extension to the upside increases.
What to Expect from Upcoming Price Development
If BNB continues to defend the $800 level and build acceptance above the control point, the probability of a rotational move towards the high of the value area and the $966-$996 resistance zone increases. The normalization of momentum, reflected in the RSI returning to neutrality, supports this outlook.
Source: CoinGecko
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