$BNB Testing Key Levels – Next Move Critical!
"Pullback or Reversal Incoming?"
BNB is down -2.66%, currently trading at $668.14, with a 24h high of $689.44 and a low of $666.28. The price is facing strong resistance at MA(25) $674.65 and MA(99) $687.35, indicating that a breakout above these levels could spark a strong bullish rally.
The recent dip to $637.79 saw a solid rebound, confirming buying interest at lower levels. However, MA(7) at $676.64 suggests short-term pressure, making $670+ a key level to reclaim for bullish momentum.
Trade Setup:
Entry: $660 – $670 (Wait for stability)
Targets:
$680 (Short-term resistance)
$692 (Breakout confirmation)
$705+ (Trend shift to bullish)
Stop-Loss: $650 (Below key support)
Summary:
BNB is consolidating with strong 24h volume (182,208 BNB), signaling market interest. If $670 holds, expect a push towards $680-$692.
A break above $692 could trigger a bullish trend reversal!
Watch for volume surges and price action at resistance zones before entering!
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