$BNB $BNB

BNB/USD Price Analysis – Current Price: $711.01

Binance Coin (BNB) continues its bullish ascent, trading at $711.01, with strong momentum fueled by the growth of the Binance ecosystem. However, key technical levels are critical for shaping the next move.

Resistance Levels: BNB faces immediate resistance around $730–$750. A breakout above this zone could push the price toward $800, opening up significant profit potential.

Support Levels: On the downside, $680–$690 provides strong support. This range offers a solid foundation for the price to bounce back if any short-term pullbacks occur.

Entry Strategy: For traders, watching for a pullback to $690–$700 could provide a perfect entry point for fresh positions, especially with the 50-day moving average offering additional support. Alternatively, a breakout above $750 could be the green light for a continuation of the rally.

With strong fundamentals and a positive market sentiment, BNB remains a promising candidate for both short-term traders and long-term investors. Keep an eye on these critical levels to make the most of this dynamic opportunity.

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