#BNB Trading chart of BNB/USDT pair on Binance with 30-minute time frame
### Trend analysis
- **Moving Average (MA)**:
- MA(7): 616.4 USD
- MA(25): 616.5 USD
- MA(99): 589.8 USD
The current price of BNB is 616.3 USD, close to MA(7) and MA(25), showing short-term stability. Price above MA(99) shows that the long-term uptrend is still maintained. The MA(7) and MA(25) lines are horizontal or slightly increasing, reflecting stability and the possibility of continued price increases.
### Liquidity
- **Trading volume (Volume)**:
- BNB's 24-hour trading volume is 1.22 million BNB, equivalent to 744.56 million USDT.
- Trading volume increased sharply at some times, especially around 13:00 on May 21, 2024, showing strong participation from investors during the period
The strong increase in long-term trading volume shows steady interest and growth in BNB trading demand.
### Resistance and support
- **Resistance level**:
- The nearest resistance level is 631.4 USD, this is the highest price in the last 24 hours. If the price breaks above this level, a further rise to the next resistance level, around $650, is likely.
- **Support level**:
- The nearest support level is around 595.6 USD, which is the lower price of recent candles. If the price falls below this level, the next support will be around $577.4, the lowest price in the past 24 hours.
Conclude
BNB/USDT is in a long-term uptrend, supported by high trading volume and price stability above long MAs that should be watched if the price drops below this level to adjust trading strategy.
$BNB Providing information for everyone to make more accurate judgments :)Good luck
