$BNB /USDT - Technical Analysis and Target Updates
Current Price: $710.44 (+3.50%)
Chart: 30-minute timeframe (Binance)
Target Achieved: $700.00
$BNB /USDT has successfully reached the key milestone of $700.00, breaking out from consolidation and continuing its bullish trend. The price is now trading above $710, signaling strength for further upward momentum.
Next Key Targets:
1. Short-Term Target: $720.00
Immediate resistance is at $720.00, a key psychological level.
Action: Secure partial profits near this zone and adjust stop-loss to $705.00 to lock in gains.
2. Intermediate Target: $740.00
Sustained buying pressure above $720.00 could lead to $740.00, supported by rising volume and strong momentum.
Action: Monitor breakout confirmations before entering fresh positions.
3. Long-Term Target: $750.00
A continuation of the bullish trend could push BNB/USDT to $750.00, a critical resistance zone.
Action: Gradually book profits while protecting your downside with a trailing stop-loss.
Technical Indicators:
Trend: Strongly bullish
Support Levels: $700.00, $690.00
Resistance Levels: $720.00, $740.00, $750.00