๐ BNB Market Update Big bullish๐ด๐ด
A golden buying opportunity has emerged as BNB dips to the lower support at $570, signaling a possible turnaround! This level is the lowest point in the current correction, setting up a potential reversal zone. ๐๐
๐ฅTechnical Breakdown:
- Support Level: $570 (Lower Bollinger Band)
- Resistance: $620 (Upper Bollinger Band)
- **RSI:** 30 (In oversold zone)
- Moving Averages:
- 50-day MA: $590
- 200-day MA: $540
โโBullish Indicators:
- Price holding steady at support ๐
- Surge in buying volume ๐
- RSI showing divergence, with price making higher lows ๐
๐Potential Reversal:
If BNB stays above the support line, we could see:
- A rebound to $590 (50-day MA) ๐
- A break past $620 (resistance) ๐
- A potential upward trend aiming for $650-$700 ๐$BNB