🔎 $BNB
/USDT Technical Analysis: Potential Targets Ahead 🎯
📉 Current Price: $655.17 (+0.34%)
BNB has been trading within a tight range recently, showing resilience around the $644 support zone. With signs of slight recovery, here’s a breakdown of potential price targets based on key levels:
🎯 Target 1: $670
A retest of the recent resistance at $670 is expected. This level aligns with the upper range of the current consolidation and could act as a pivot point for the next breakout.
🎯 Target 2: $700
If BNB manages to break above $670 with strong volume, $700 becomes the next psychological and technical resistance. This level aligns with the 200-day moving average, indicating a possible bullish continuation.
🎯 Target 3: $725
In a sustained bullish scenario, $725 is the longer-term target. This zone corresponds to the Fibonacci 1.618 extension, signaling a strong upward trend if bulls dominate.
Risk Level:
If BNB breaks below $644, it could slide to $630 or even $620, making stop-losses essential for risk management.
💡 Pro Tip: Keep an eye on volume spikes and RSI levels to confirm breakout momentum.
