$BNB

BNB/USD Technical Analysis – 29th November 2024

BNB/USD is currently trading at 677.15, showcasing strength as it consolidates within a tight range. With clear support and resistance levels in focus, the market is poised for a potential breakout that traders won't want to miss.

Key Support: 670.00

Key Resistance: 690.00

BNB has held firm above the 670.00 support level, signaling strong buying interest. A sustained bounce from this level could see the price test the 690.00 resistance. Should BNB break above 690.00, it could pave the way for a rally toward the psychological level of 700.00. However, a dip below 670.00 may lead to a correction toward 650.00.

Entry Strategy:

Long: Enter near 670.00, targeting 690.00 and potentially 700.00.

Short: Consider a position if the price breaks below 670.00, aiming for 650.00.

BNB/USD is at an exciting crossroads, with the potential for significant price movement in the coming sessions. Keep a close eye on these critical levels and be ready to capitalize on the market's next big move!

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