Binance's $1000 price has retreated from its high, showing signs of weakness in a range-bound trading pattern.
Current Price: $0.1361 (down 8.6% in the last 24 hours). The price broke below the 7/25 moving average on the 1-hour chart, after previously encountering resistance at $0.151, indicating a shift in momentum to bearish.
🎯 Short Entry Points: $0.1380 – $0.1420
Target Price 1: $0.1300
Target Price 2: $0.1255
Target Price 3: $0.1180
Stop Loss: $0.1490
The failure to reclaim the $0.14–$0.142 moving average resistance zone indicates weakening upward momentum. Unless the bulls can decisively retake $0.15, the price is more likely to continue its downward trend towards the $0.125 demand zone.
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{future}(Binance Life USDT)