BNB Slips Below $750 Pivot as Analysts Eye Support

According to CryptoNews, the price of BNB traded near $729 after reaching a daily low of $708.64 on Binance, slipping below its $750 weekly pivot and two daily moving averages. The token's recent retreat follows a rejection near the $800 level in late September and early October.

Moving Averages and Technical Indicators

Daily moving averages at $744.55 (50-day simple moving average) and $761.09 (20-day simple moving average) remained above the token's price following a decline from recent highs. However, BNB remained above its longer-term averages, including the 100-day average at $672.49 and the 200-day average at $645.05. Meanwhile, the daily Average Directional Index stood at 23.85, down from readings above 40 in September.

Analyst Outlooks and Support Zones

Market commentator BullishBanter identified the $790 to $810 area as a previous supply zone and marked $700 to $710 as the next support test. A break beneath that shaded support area would make a further move toward $680 to $690 more likely, while a recovery above the $740 threshold would test moving averages. Another analyst, Ed NL, maintained a corrective outlook, describing the preceding advance as a completed five-wave move.

Key facts

• BNB traded near $729 after hitting a daily low of $708.64 on Binance.
• The token slipped below its $750 weekly pivot and moving averages at $744.55 and $761.09.
• Analysts identified $700 to $710 as the immediate support zone, with $680 to $690 as a potential downside target.
• CoinGlass data showed liquidation concentrations around $704 to $706 and $765 to $766.