$BNB /USDT Technical Update - Will $699 Hold as Support?

BNB is trading at $699.00, showing a mild recovery from recent lows near $674.72. The price is consolidating within a tight range after facing rejection around $705.00. Here’s the outlook:

Entry Zone: $698.50–$700.00

Targets:

Target 1: $704.00

Target 2: $708.50

Stop Loss: $693.00

Market Observations:

BNB/USDT is forming a potential higher low, hinting at bullish momentum. A break above $705 could lead to a stronger push toward the $710-$712 resistance zone. Failure to hold $698 could trigger a retest of lower levels near $690.00.

Action Plan:

Watch for buying opportunities within the entry range. Ensure stop-loss management as volatility remains high.

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