$BNB /USDT Technical Analysis – Testing Key Levels
$BNB /USDT is currently trading at $696.81, holding steady after a recent bounce from $674.72. Here’s the detailed breakdown of the key levels to watch:
Support Levels:
$685: Immediate support that has helped BNB stay above its recent lows.
$674: A critical level to hold, as a breakdown could lead to further downside.
Resistance Levels:
$705: A key resistance level. A breakout above this could push BNB toward higher levels.
$720: The next major resistance zone for bulls to conquer.
trading Plan:
For Bulls: Look to buy on dips near $685, targeting $705 and $720 for profit-taking. Maintain a stop-loss below $674.
For Bears: Consider shorting if $674 is broken, targeting $650 as the next support zone.
Market Insights: BNB is showing moderate momentum, with RSI indicating a balanced market. Increased volume near $705 could signal a breakout. Keep an eye on these levels to capitalize on BNB’s next move.