$BNB /USDT: Testing the Breakout Zone – Are Bulls Gaining Strength?
$BNB /USDT is currently trading at $704.23, reflecting a steady 1.78% gain within the last 24 hours. After hitting a high of $706.18, the price is consolidating near key resistance, indicating a possible breakout or retracement. The immediate resistance is at $706.50, while support is observed at $701.00, offering a well-defined trading range. Traders may consider entering near $704.20, with take-profit targets set at $705.50, $706.50, and $707.50. To manage risk, a stop-loss at $700.50 is advised. Momentum indicators like RSI and MACD suggest cautious optimism as bulls attempt to push higher, making this a critical zone to watch.