🚀 $BNB

/USDT Technical Analysis – Eyes on the Next Moves!

🔹 Current Price: $610

🔹 24h Range: $600.02 - $618.31

🔹 Market Sentiment: Bearish with slight consolidation.

📊 BNB Price Action Insights:

BNB is currently trading near the $610 zone, showing signs of weakness after failing to hold the $618 resistance. However, key support and resistance levels could provide opportunities for both bulls and bears.

🎯 Targets to Watch:

1️⃣ Target 1: $590 (Support Zone)

If selling pressure persists, BNB might retest the $590 level, a strong support from previous consolidations.

2️⃣ Target 2: $625 (Resistance Zone)

Bulls need to push above $625 to regain momentum. This is a key resistance that could indicate recovery if broken.

3️⃣ Target 3: $650 (Bullish Breakout)

A move above $650 would confirm a bullish breakout, potentially leading to a rally towards higher levels like $670.

⚙️ Indicators in Focus:

RSI: Trending near the oversold zone, signaling possible relief in the short term.

Moving Averages: Prices trading below major moving averages indicate bearish momentum.

Strategy Tips:

For Bulls: Watch for confirmations at $625 before entering long positions.

For Bears: A break below $600 could lead to further downside, targeting $590 and beyond.

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