BNB slipped below its $750 weekly pivot and two daily moving averages after a rejection near $800. Analysts point to $700–$710 as the support zone to watch, with $680–$690 in view if it breaks.
BNB traded at $728.66 on Oct. 15, a rebound of roughly 2.8% from a daily low of $708.64. The token still sits beneath its daily high of $732 and below the moving averages it crossed during the recent pullback.
On the weekly chart, BNB stood near $730.67, down 3.13% from the week's opening price of $754.24. That puts it under the $750 pivot marked by the chart's Murrey Math indicator.
BNB trades below its 20-day and 50-day averages
TradingView's daily ribbon placed the 20-day average at $761.09 and the 50-day at $744.55, and BNB trades below both. The retreat followed highs near $800 in late September and early October.
BNB remained above its 100-day average at $672.49 and its 200-day average at $645.05. The daily Average Directional Index, however, stood at 23.85, down from September readings above 40.
Analysts watch $700–$710 support
Market commentator BullishBanter identified the $790–$810 area as a supply zone where BNB met rejection before losing a rising trendline. The analyst said a break below the $700–$710 area would make a move toward $680–$690 more likely.
BullishBanter wrote: "For now, I'm watching 700 support vs 740 reclaim for the next move." The $740 threshold sits just below the 50-day average.
Analyst Ed NL also kept a corrective outlook, describing a completed five-wave advance and a three-leg correction toward lower liquidity.
Liquidation clusters sit above and below the market
CoinGlass's one-week heatmap showed liquidation concentrations around $704–$706, with another band near $695. Above the market, the brightest concentrations appeared near $765–$766.
The same report ties the move to US inflation data. The Bureau of Labor Statistics reported that September consumer prices rose 3.7% from a year earlier, and Reuters reported that the release pushed expectations for an October Federal Reserve rate increase higher.
Source: crypto.news
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