$BNB is currently trading at $702.20 after a period of consolidation following a sharp price rally near the $730 zone. The chart suggests that BNB is holding above a critical support level around $700, which could act as a strong base for a potential bounce.
However, failure to maintain this level might result in further downside, potentially testing the next support near $690. On the upside, if $BNB manages to reclaim the $710-$715 range, it could retest the $730 resistance, signaling renewed bullish momentum.
Watch for breakout confirmations at key levels as the market shows signs of indecision.