Based on the provided chart for $BNB /USDT, the current price stands at $573.8, showing a +2.25% increase. The price recently tested a high of $574.9, with a 24-hour low of $553.0. This suggests that BNB is gaining strength and pushing upward, following a steady recovery from its low of $527.0, which could indicate that a bullish trend is forming.
Looking at the resistance, it is just above at $574.9, which represents a key level to watch for further upward movement. If this resistance level breaks, BNB could target the next psychological zone near $577.3 and potentially continue its upward trend. On the downside, the nearest support lies at $559.7, providing a safety net if BNB experiences a pullback from its current position.
In conclusion, a long position could be considered if the price breaks above the $574.9 resistance with targets set for $577.3 and beyond. Alternatively, if the price drops below $559.7, it could trigger a short trade with targets at lower support levels. Monitoring the 4-hour chart for clear breakout signals will be crucial in the coming sessions.
$BNB $BTC #Bitcoinâ #BTCReboundsAfterFOMC #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI
