$BNB BNB Short-term Dan successfully won 400 points
Reasons why BNB is rising
Overall upward trend: From a larger time period perspective, the overall trend of BNB is still upward. Despite the short-term pullback, the long-term upward trend remains strong and there is reasonable technical support for longs.
Strong support below: The price has received significant buying support near the key support level (about $530), and has failed to fall below this position during multiple corrections, indicating that the market has strong buying intentions in this area and is headed downward in the short term. Space is limited.
Moving average support: The short-term moving averages (MA5, MA10) continue to rise and form support below the price. The mid-term moving average (MA30) also shows a gradual flattening and turning upward trend, providing a solid foundation for further price increases.
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