$BNB BNB/USDT – Testing Key Support Amidst Pressure
Current Price: $688.12 (-2.32%)
24h High: $707.46 | 24h Low: $674.72
24h Volume: BNB: 468,788 | USDT: 325.24M
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Technical Overview:
Exponential Moving Averages (EMAs):
EMA(7): $691.89
EMA(25): $698.46
EMA(99): $708.82
BNB is trading below its short and long-term EMAs, signaling bearish sentiment.
Support Zones:
$685.00 (Immediate)
$675.00 (Major Support)
Resistance Zones:
$700.00 (Critical Resistance)
$710.00 (Psychological Level)
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Trade Setups:
🔴 Bearish Continuation:
Entry: Below $685.00
Target 1: $675.00
Target 2: $665.00
Stop-loss: Above $695.00
🔵 Bullish Rebound:
Entry Zone: $675.00–$680.00
Target 1: $695.00
Target 2: $700.00
Stop-loss: Below $670.00
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Observations:
BNB shows a strong rejection near $675.00, suggesting potential buyer interest at this level.
A sustained move above $700.00 could invalidate the bearish trend.
Traders should exercise caution and consider market sentiment.
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