$BNB

BNB Market Analysis

Brothers, BNB recently encountered strong resistance from bears at the 633 resistance level, but don’t worry, there’s good news! The bulls successfully held the 20-day moving average (608), indicating that buying power is still present, and we are looking at even higher points!

Key Point Analysis

Bullish Target: If buyers push again and stabilize the price above 633, BNB could surge towards 667. Although this level might face a bear counterattack, once broken through, the target will be directly at 722, which is the rhythm of “the sky is the limit”!

Bear Counterattack: In the event that the price falls below the 20-day moving average (608), the bulls may abandon their positions, and the market will likely slide towards the 50-day moving average (592), or even test the upward trend line.

Technical Highlights

Bullish Advantage: The 20-day moving average is steadily rising, and the short-term trend remains bullish.

Solid Defense: Support near 608 indicates that the bulls have not given up but are waiting for a breakthrough opportunity.

Brothers, BNB is currently at a breakthrough point, with both bulls and bears fighting fiercely; the key point is 633. Once broken through, the bulls can let loose and go all out! Maintain the pace, don’t chase the highs, when the opportunity comes, we will seize it. Wishing everyone to achieve this wave of profits soon! 🚀