technical analysis and trade signals for $BNB /USDT with three target levels and trade momentum:
Current Price: $659.99
24h High: $665.30
24h Low: $645.16
Resistance Level: $665.30 (Recent 24h High)
Support Level: $645.16 (Recent 24h Low)
Price Action & Trend
The price of BNB/USDT has shown a slight bearish momentum over the past 24 hours, down by around 0.57%. However, the price is holding above key support at $645.16, and it’s likely to make a move towards the resistance at $665.30. The price action is consolidating around $659.99, with market depth showing minor bearish pressure.
Target 1: $670.00 (First target level, just above resistance)
Target 2: $675.00 (Next resistance zone)
Target 3: $680.00 (Psychological resistance)
Stop Loss: $645.00 (below recent low)
Bearish Scenario (if price falls below support):
Entry Point: $655.00
Target 1: $645.00 (Test 24h low)
Target 2: $640.00 (Next support zone)
Target 3: $630.00 (Extended support area)
Stop Loss: $665.00 (above recent high)
Trade Momentum
Bullish Momentum: If the price breaks above $665.30, expect a continuation towards $670-$680 range. Momentum is slightly bullish in the short term due to price action staying above support.
Bearish Momentum: If the price breaks below $645.16, there may be a stronger bearish trend toward the $640-$630 range. Watch for increased selling pressure.
Conclusion
For bullish trades, target a breakout above $665, with targets around $670 and $675.
For bearish trades, look for a breakdown below $645.16, targeting $640 and $630.