BNB chart study and observation:-

Observations:

1. Price Movement:

The price is showing recovery from a low of $685.72 and is currently at $693.83, indicating a short-term bullish momentum.

2. Key Levels:

Support: Around $685-$688 (recent lows).

Resistance: $694.58 (recent high).

3. Volume:

A noticeable increase in trading volume in the last few candles suggests active participation, which may lead to higher volatility.

4. Moving Averages (MA):

Short-term MA(5): $474.017 (suggesting rapid movements in recent periods).

Longer-term MA(10): $603.219 (indicating overall bullish sentiment).

Next 2-Hour Volatility Prediction:

Scenario 1: Breakout Above $694

If the price breaks above the resistance of $694.58, it may test higher resistance levels around $700-$705.

Scenario 2: Rejection at $694

If the price fails to break above $694.58, it could face a pullback towards $688-$685 support levels.

Overall Volatility Expectation:

Expect moderate to high volatility due to increased trading activity, with a price range likely between $685-$700.

Keep monitoring the volume and candlestick patterns for real-time updates.