#BNBUSDT Levels Amid Recovery
On the 1-hour chart, the price is struggling to maintain momentum above the 200-period moving average, which is currently at $510.8. The Relative Strength Index (RSI) is at 51.19, indicating a neutral stance, while the MACD line sits at 3.3, slightly above the signal line at 1.7, with a histogram value of 5.0. This suggests a cautious bullish sentiment but with the potential for volatility.
The 4-hour chart shows that BNB/USDT is trading below the 200-period MA, which is currently at $549.3. The RSI here is 53.95, slightly more bullish but still close to the neutral zone. The MACD on the 4-hour chart has a similar structure to the 1-hour, with the MACD line at 4.4 above the signal line at 2.1, indicating mild bullish momentum, though the histogram shows a value of -2.3, hinting at the possibility of waning momentum.
Bullish Scenario:
If BNB/USDT can close above the 200-period MA on the 1-hour chart and sustain that level, we could see a continuation of the recovery, with targets at $529.1 and $570.3. The volume would need to increase to confirm this bullish move.
Bearish Scenario:
If the price fails to break and hold above the $510.8 resistance on the 1-hour chart, we might see a retest of the support levels at $496.4 and $478.1. A break below these levels could indicate a deeper correction toward the $450 region.
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