Current Price: $656.47 (+1.87%)
BNB/USDT has shown signs of recovery after dropping to $638.21, but the upward momentum seems to be stalling near $656. Traders should stay cautious as the market decides its next direction.
đ Key Levels to Watch
1ïžâŁ Resistance Levels:
âą $676.79: A break above this 24-hour high could trigger bullish momentum, with targets at $685 and $700.
2ïžâŁ Support Levels:
âą $650: Immediate support; a drop below this level could lead to a retest of $638.
âą $620: Key support zoneâif broken, a bearish trend may develop.
đ Bearish Scenario:
âą If BNB fails to reclaim $660, sellers may push towards the $650 support level.
âą A break below $650 could drive BNB toward $630 or lower.
đ Bullish Scenario:
âą A sustained move above $660 could target $676 and beyond.
âą A breakout past $685 could signal the continuation of an uptrend, aiming for $700.
đ Indicators:
âą KD values near oversold territory suggest a potential short-term bounce, though weak momentum could delay any major moves.
â ïž Trade Setup:
âą Long Entry: Above $660, with targets at $676, $685, and $700. Stop-loss at $645.
âą Short Entry: Below $650, with targets at $638 and $620. Stop-loss at $665.
Stay alertâ$BNB is at a crucial juncture!
#GODINDataForAI #NotPriceSurge #BTCKeyZone #DIN