$BNB /USDT Analysis: Potential Retest and Targets
BNB/USDT is currently trading at $725.10, showing a strong upward trend with a recent pullback from the $793.86 high. The price has retraced to a key support area, which could act as a bounce zone.
Key Levels to Watch:
1. Immediate Resistance: $739.71 - A break above this could resume the bullish momentum.
2. Key Support: $677.00 - Holding this level is crucial to prevent further downside.
Targets:
Target 1: $750.00 - Near-term resistance zone for a potential breakout.
Target 2: $770.00 - Extended resistance level if bullish momentum persists.
Target 3: $800.00 - Psychological level and prior high to watch.
Bearish Scenario:
If BNB fails to hold above $677.00, it may test lower support around $650.00 or even $622.85.
Monitor these levels closely for any breakout or breakdown signals.
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