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BNB Short-Term Analysis: Fibonacci Retracement and Near-Neutral Funding Rate

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BNB
$852.607-0.75%
BNB dropped sharply on December 11, with 1-hour volume spiking. The price has now retested the 0.5-0.618 Fibonacci range, with a support level near $860. Derivative contracts show near-neutral funding rates at 0, signaling cautious sentiment with a slight bullish edge. A rebound toward $890 is possible if the support holds. A breakdown would need four 4-hour candles below $1.98, possibly testing the $840 low. (AI analysis, not investment advice, valid for 1-2 days)
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