#BNB /USDT chart you shared for October 9, 2024, shows a positive uptrend. The price of BNB is currently at $585.5, with a 24-hour increase of +2.70%. The market has been testing higher resistance levels, with the 24-hour high reaching $586.8 and a low of $569.5.
The Moving Averages (MA) indicate bullish momentum:
The 7-period MA (yellow) is at $583.5, slightly below the current price.
The 25-period MA (pink) is at $580.5, supporting the upward trend.
The 99-period MA (purple) is at $578.7, indicating that the overall longer-term trend remains positive.
The latest candlesticks are green, suggesting buyers are still in control, pushing the price up after a dip to $573.1 earlier in the day. Volume has also spiked, supporting the price increase. If the price continues to hold above these moving averages, BNB could maintain the bullish momentum.
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