BNB Price Prediction 🚀...
In this chart, BNB/USDT is priced at 720.85, with a 15-minute timeframe. The technical analysis indicates the following:
1. Moving Averages (MA):
The price is above MA(7) and MA(25), signaling a short-term bullish trend.
MA(99) is below the current price, indicating a long-term positive outlook.
2. RSI (Relative Strength Index):
RSI is at 29, nearing the oversold zone, suggesting a potential price rebound.
3. Volume:
Declining volume indicates weakening bullish momentum.
Prediction:
If volume increases, the price could rise to the 725–735 range. However, breaking below the 716 level may lead to a drop toward 700.
Trade cautiously, watching key support and resistance levels.