$BNB
On the BNB/USDT chart, the following key points can be seen:
1. Uptrend: The price has shown steady growth, reaching a recent high of 718.88, with support at 685.30. Currently, the price is at 704.64, indicating a positive recovery.
2. Technical Indicators:
Bollinger Bands: The price is close to the mid-upper band, indicating a positive trend, although it could be approaching an overbought zone.
RSI (6): At 57.38, the RSI shows that the asset is neither overbought nor oversold, suggesting room for further growth.
MACD: The crossover between DIF and DEA is flat, with a negative value (-0.15), which could indicate weakness in the bullish strength in the short term.
3. Supports and resistances:
Nearby resistance: 718.88.
Key support: 685.30.
Conclusion
The price is in a bullish consolidation phase. If it breaks the resistance of 718.88, it could seek new highs. However, if it loses the support at 685.30, we could see a deeper correction.
