$BNB
/USDT Technical Analysis ๐ฏ
The current price of BNB/USDT is $612.84, reflecting a slight decline of -0.87% in the last 24 hours. Despite recent fluctuations, BNB is forming a strong setup for its next move. Letโs explore the potential targets and market structure:
Key Levels to Watch
1๏ธโฃ Target 1: $620
Resistance near the 24h high at $621.
Breaking this level may trigger momentum-driven buying, opening doors for higher gains.
2๏ธโฃ Target 2: $635
A key mid-term resistance level.
If volume surges, this target is achievable, especially with strong Layer 1 adoption.
3๏ธโฃ Target 3: $650
A psychological level, marking a bullish breakout zone.
Reaching this level will confirm a strong recovery in BNBโs price action.
Support Zones
Immediate Support: $605 (recent 24h low).
Major Support: $590, where buyers previously showed interest.
Indicators and Momentum
RSI: Currently neutral but tilting toward oversold, suggesting a possible bounce.
Moving Averages: Price hovers above key short-term averages, maintaining bullish sentiment.
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