As of the morning of January 8th, BNB was quoted at $901.9, down 0.9% in 24 hours, with intraday fluctuations repeating within the $892.8-$920.3 range, with a total market cap of approximately $124.2B. Overall, short-term pressure exists but medium-term resilience remains—the 7-day gain still holds at +4.20%.
From a technical perspective, RSI is in the 62 neutral-to-bullish zone, MACD is gradually rising, and the price is currently fluctuating around the $900 level. The 30-day moving average and 7-day exponential moving average form support below, while the 50% Fibonacci retracement level of $873 represents a stronger defense line. 24-hour trading volume is approximately $6.6M, derivatives positions show slight growth, and while bulls have support, sentiment is generally tepid.
On the positive side, the BNB Chain ecosystem continues to evolve, with on-chain data and scaling actions providing fundamental support. Overall crypto market sentiment is stable, and capital still has allocation demand for mainstream tokens. However, XRP's recent market cap surpassing has triggered capital rotation, and the $900 level does face significant pressure, with profit-taking sell orders accumulating in the short term.
Operationally, $901.38 (23.6% Fibonacci level) is the resistance above, while $890 intraday low and $873 strong support should be monitored below. Short-term outlook favors staying cautious, waiting for clearer breakout signals before making decisions.
As of the morning of January 8th, BNB was quoted at $901.9, down 0.9% in 24 hours, with intraday fluctuations repeating within the $892.8-$920.3 range, with a total market cap of approximately $124.2B. Overall, short-term pressure exists but medium-term resilience remains—the 7-day gain still holds at +4.20%.
From a technical perspective, RSI is in the 62 neutral-to-bullish zone, MACD is gradually rising, and the price is currently fluctuating around the $900 level. The 30-day moving average and 7-day exponential moving average form support below, while the 50% Fibonacci retracement level of $873 represents a stronger defense line. 24-hour trading volume is approximately $6.6M, derivatives positions show slight growth, and while bulls have support, sentiment is generally tepid.
On the positive side, the BNB Chain ecosystem continues to evolve, with on-chain data and scaling actions providing fundamental support. Overall crypto market sentiment is stable, and capital still has allocation demand for mainstream tokens. However, XRP's recent market cap surpassing has triggered capital rotation, and the $900 level does face significant pressure, with profit-taking sell orders accumulating in the short term.
Operationally, $901.38 (23.6% Fibonacci level) is the resistance above, while $890 intraday low and $873 strong support should be monitored below. Short-term outlook favors staying cautious, waiting for clearer breakout signals before making decisions.