BNB Research and Analysis
In recent trading days, BNB has repeatedly gained rebound strength from the support level of $615.
It's important to note that this $615 support level has always played a crucial role in the past, acting like a magical springboard, providing strong support for BNB's rebound.
If the key level of $615 cannot be maintained, the next support level will revert to $551. However, if BNB can remain above the $615 support level, it will have the opportunity to challenge $635, and may even break through $668, potentially reaching the $724 high marked earlier this year.
Although the current activity of whales and the strong support level have ignited bullish hopes, we still need to be cautious.
Because once it falls below $615, it may trigger further downward trends.
On the other hand, if whales continue to accumulate, and positive market sentiment spreads, this could drive the BNB price recovery, and who knows, it might even kick off a bull market.
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