Crypto News

BNB Solana Skyla in the middle of the market, $ 400 becomes a key level

BNB Coin entered a significant corrective phase after forming a sample for a rocking failure near its age of $ 798. Since then, the property moved lower, without confirmed DNA in place.

As a broader CRIPTO market consolidates and shows signs of fragility, binance coins (Bnb) Now it is closer to the critical support zone of high time frame that could play a key role in determining the price of its price in the coming weeks.

Key points covered:

• The BNB is currently in corrective trend, and has not yet been confirmed.

• The main technical support lies the surroundings of a psychological level of $ 400, aided several strong estimates.

• The BNB keeps its position above Solana on the market, which shows relative strength despite falling.

$ 400 price level in focus

BNB Solana Solana In the middle of the market, $ 400 becomes a key level - 1
Source: Trading view

From a structural perspective, the BNB price pulled back into the long-term range and now approaches the powerful zone of technical esteem. A psychological level of $ 400 is expired as a critical surface of support for several reasons. This level aligns with the 200-week average average, a grille of 0.618 fibination and the main weekly momentum low. In addition, the price is held above a high-year area of ​​value high, indicating historical demand.

Although the price has briefly declined below this zone, in short-term trend there was no strong surrounding or meaningful change. The lower time frames remain a bear, without a confirmed change in swing, the price of the price could continue to descend lower to fully test the $ 400 region.

Current market capacity dynamics: BNB vs Solana

BNB Neighbor Solana in the middle of the market, $ 400 gets a key level - 2

The second layer of this analysis is development dynamics between BNB (blue line) and Solanes (Salt) (Orange line) in terms of market capitalization. 28. Marta Both assets were almost equal to the market. Since then, they both saw the decline, but Solana fell sharply, allowing the BNB to keep his position above Sol.

This separation suggests that although both pressure assets, BNB shows relative strength in the sense of how the value market is. If this trend continues and BNB stabilizes near $ 400, it will probably hold their leadership in ranking, reinforating their perceived resilience compared to other major Altcoin.

High value zone for viewing

The psychological level of $ 400 remains a critical area of ​​interest in swings traders. With more technical factors that are aligned here, including a 200-week average, a drag of 0.618 Fibonacci and the key Weekly momentum low, this region may act as a foundation for the long run.

However, without clear short-term bikal signals, the risk is still elevated and disciplined risk management is necessary. If the price holds this zone and forms a base, long settings with above passage goals near previous high heights becomes a more realistic scenario.

In addition, if the BNB continues to surpass Solana at market caps, it could further encourage investor trust and attract rotation of fresh capital in assets. In this environment, patience and confirmation will remain key.

https://crypto.news/app/uploads/2025/04/BNB.webp

2025-04-07 23:25:00

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button