$BNB coin next prize?

BNB/USDT price is currently at $711.35. Here's a basic analysis of the chart to determine whether the price might move up (bullish) or down (bearish):

Basic Analysis:

1. Resistance Zone:

The price seems to face resistance around $720-$725. If this level is broken, it could lead to a bullish move.

2. Support Zone:

There is visible support near $700-$705. If the price breaks below this, it might drop further.

3. Price Movement:

The current price level near $711 is critical. The chart seems to show a potential symmetrical triangle or consolidation pattern, indicating that the price could either break out (upwards) or break down (downwards) soon.

Next Possible Move

1. Bullish movement.

If the price breaks above $720 and closes a strong candle, it could move toward $740 or higher.

2. Bearish movement.

If the price falls below $705, it could decline further toward the $680-$690 support zone.

Suggestions:

1. Confirm the next move using RSI, Moving Averages, and Volume indicators.

2. Wait for a clear breakout or breakdown before entering a trade.

3. Always use a stop-loss to manage your risk.