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Recently, the price movement of BNB has attracted attention. The four-hour chart shows that an important support level has been breached, which may indicate increased fluctuation in the short term. Market participants should closely follow the key resistance level of $880, as it will determine the direction of the upcoming trend.
If BNB fails to break through the 880 dollar mark, it is likely to trigger a four-hour level pullback. In this case, investors need to be cautious of the initial support level at 870 dollars. If this position cannot be held, it may further drop to the levels of 860, 850, or even 840 dollars.
However, if market sentiment strengthens, BNB is expected to attempt to challenge the 880 USD resistance level again. Once successfully broken, the target resistance levels above will be concentrated around 886 USD and 900 USD. These two price levels may become significant resistance in the short term.
It is worth noting that the overall atmosphere of the current cryptocurrency market seems to be improving, which may provide some support for BNB. However, investors should still remain cautious, closely follow market movements, and manage risks effectively.