Here's an updated technical analysis for Binance Coin (BNB) at $681:
*Short-Term (24-48 hours)*
1. *Resistance*: $720-$750
2. *Support*: $660-$680
3. *Trend*: Uptrend continuation
*Medium-Term (Next Week)*
1. *Resistance*: $780-$800
2. *Support*: $620-$640
3. *Trend*: Bullish
*Technical Indicators*
1. *RSI*: 70-80 (overbought)
2. *MACD*: Positive divergence
3. *Moving Averages*: 50-day MA ($630) and 200-day MA ($540)
*Oscillators*
1. *Stochastic %K*: 80-90 (overbought)
2. *ADX*: 25-30 (strong trend)
*Potential Scenarios*
1. *Bullish breakout*: Above $750, targeting $850-$900.
2. *Correction*: Pullback to $620-$640 support.
*Important Levels*
1. *Key support*: $660
2. *Key resistance*: $720
*Considerations*
1. Market volatility
2. Global economic conditions
3. Regulatory updates
4. Binance ecosystem developments
Sources:
1. TradingView
2. CoinMarketCap
3. Binance
4. CryptoSlate
Please note that technical analysis is subjective. Consult multiple sources and consider risk tolerance before investing.