$BNB #BNB⁩

Analysis of the chart BNB/USDT on the 4-hour timeframe:

Price Action

Current Price: 650.95 (+6.09%)

The price is in an uptrend, supported by higher highs and higher lows.

The price recently broke through resistance around the EMA (99) at 627.47, confirming bullish momentum.

Moving Averages

EMA (7): 637.49

EMA (25): 636.07

EMA (99): 627.47

All shorter EMAs are above the longer EMA, indicating a bullish crossover and trend continuation.

Volume

Current Volume: Strong, reflecting increased buying activity.

Volume spikes correlate with recent price pumps, confirming the breakout's strength.

Relative Strength Index (RSI)

RSI is at 75.93, indicating the asset is overbought.

A pullback or consolidation may occur unless strong bullish sentiment continues.

Order Book Sentiment

Bid (Buy Side): 69.86%

Ask (Sell Side): 30.14%

This imbalance shows strong buying interest, which supports further upside potential.

Resistance & Support Levels

Resistance:

Immediate resistance at 658.05 (24h high).

Next key resistance at 687.75 (recent swing high).

Support:

Closest support is around EMA (25) at 636.

Stronger support lies near EMA (99) at 627.

Market Sentiment

The sentiment is bullish, as indicated by price action, order book imbalances, and volume spikes. However, the overbought RSI suggests caution for short-term traders.

Trading Outlook

For Bulls: Look for a breakout above 658 with volume confirmation to target 687 and beyond.

For Bears: Monitor for rejection at resistance or a pullback to EMA (99) for short opportunities.

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