$BNB /USDT Trading Update - Testing Key Resistance at $698
Observation:
$BNB /USDT is rebounding strongly from a recent dip to $686.40, showing a clear bounce-back pattern. The current price is hovering around $695.51 (+1.48%), and the pair is eyeing the crucial resistance at $698.68.
Potential Scenarios:
1. A break above $698.68 could ignite bullish momentum toward the $705 zone.
2. Failure to clear $698.68 may lead to a retest of the $693-$691 support area.
Immediate Trading Levels:
Resistance: $698.68
Support: $686.40
Analysis Insight:
The 15-minute chart indicates a strong recovery, and buyers are regaining control. Watch for increased volume at the resistance for confirmation of a breakout or signs of rejection.