$BNB /USDT Price Analysis: Recovery Amid Market Weakness

BNB/USDT is trading at $648.09, showing a moderate intraday recovery of 3.37% following a rebound from its low of $618.69. The coin is gaining momentum and is poised to test significant resistance levels as buying activity increases.

Short-Term Targets:

1. Target 1: $650.50 – The immediate resistance level where momentum traders may see profit-taking.

2. Target 2: $658.00 – A higher resistance point that could be tested with continued bullish sentiment.

3. Target 3: $665.50 – A critical level for potential further upside, marking a breakout opportunity.

Support Levels:

Primary Support: $640.00 – A key level to hold in case of a pullback.

Secondary Support: $618.50 – The day’s low, serving as a strong safety net for downside protection.

Volume indicators suggest an increase in trading activity, supporting a potential continuation of the upward trend. Traders should exercise caution and secure profits at each target while maintaining stop-losses just below key support levels to mitigate risks.