$BNB

Is the BNB price stable, can the bulls break through?

Market Overview

The current BNB price is $701.65, with a 24-hour high of $713.28 and a low of $695.99. Short-term fluctuations are relatively small. The price continues to operate near the MA25 moving average, and the market has entered a tug-of-war state, waiting for a directional breakthrough.

Key Level Analysis

• Support Levels: $695.00, $680.00, $660.00

• Resistance Levels: $710.00, $725.00, $750.00

Trading Suggestions

• Long Position Strategy: If the price retraces to the support level of $695.00 and stabilizes, consider attempting a light long position, with a target of $710.00, and further looking towards $725.00, with a stop loss set below $688.00.

• Short Position Strategy: If the price rebounds to $710.00 and meets resistance, consider setting up a short position, with a target of $695.00, and further looking towards $680.00, with a stop loss set above $715.00.

Trend Prediction

In the short term, BNB may maintain a range of $695-$710, and attention should be paid to changes in trading volume. If it breaks through $710, the market may further rally.

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