$BNB

1. General trend:

The price seems to have witnessed a clear downward movement after reaching the 745.29 level, indicating strong selling pressure.

The current price around 695.76 indicates an attempt to stabilize after the sharp decline.

2. Technical analysis indicators:

Stochastic RSI:

The value is low (13.80) indicating that the market is in an oversold zone and a potential rebound may occur soon.

MACD:

The lines and the indicator are in the negative zone (DIF: -5.29, MACD: -2.40) which supports the continuation of the downward momentum.

RSI (6):

The value at 38.26 is close to the oversold zone, which may indicate a potential bullish rebound.

3. Support areas:

The closest support is at 674.72 (the lowest level shown in the chart).

If it is broken, we may witness further decline to lower levels.

4. Resistance areas:

First resistance at 702.24 (highest price before last drop).

Second resistance at 717.77 which is a closer high before last downtrend.

5. Suggested strategy:

Buy: If price bounces above 695.76 with positive signal from MACD or RSI.

Sell: If price breaks 674.72 with increasing downtrend momentum.

Warning:

It is preferable to follow news or external factors that may affect BNB movement.

Use stop loss to reduce risk.