Here’s a brief technical analysis and trade signal for the $BNB

/USDT pair:

Technical Analysis:

Trend: The overall trend for BNB/USDT is currently bullish, given the price is slightly above the key support level and showing upward momentum.

Support Level: $687.20, with price bouncing off this level in the last 24 hours.

Resistance Level: $713.28, recent high, which is acting as a resistance.

Key Indicators:

RSI (Relative Strength Index) is likely near 50-60, indicating balanced momentum, without being overbought or oversold.

MACD suggests upward momentum with a positive crossover recently.

Volume is decent, with $217.57M, confirming price moves are backed by healthy trade volume.

Trade Signal:

Buy Signal above $710, if it breaks the immediate resistance of $713.28.

Stop-Loss: $685.89 (below the 24h low)

Target Levels (🎯):

1. 🎯 Target 1: $720 – First resistance level after recent high.

2. 🎯 Target 2: $735 – Major psychological level and next resistance.

3. 🎯 Target 3: $750 – Potential target if bullish trend continues.

Momentum:

Current momentum is bullish, as BNB has recently shown price movement toward higher highs after the slight pullback to the $687 level.

#GrayscaleHorizenTrust #MarketRebound #MicroStrategyInNasdaq100