$BNB at $728.43, showing a significant upward movement with a 24-hour high of $735.65 and a low of $704.09. Below is a potential analysis based on the provided data:
BNB Price Analysis
BNB is demonstrating strong bullish momentum on the 4-hour timeframe, breaking previous resistance levels and approaching the $735.65 mark.
Key Levels to Watch
Resistance: $735.65
Support: $720.48
Trade Setup
Long Entry: Consider entering above $728 with targets at $735, $740, and $750.
Short Entry: Watch for a reversal below $720 with downside targets of $715 and $705.
Indicators
RSI: Currently in the overbought zone at 84.74, signaling potential exhaustion in the uptrend.
MACD: Positive crossover, supporting bullish momentum.
Caution
Maintain tight stop-loss levels, as overbought conditions may lead to short-term pullbacks.
Would you like a more detailed breakdown or any additional insights?