$BNB

Binance technical analysis post, highlighting three potential targets:

Binance Technical Analysis for BNB/USDT – Price Targets for the Coming Hours

🔍 Current Price: 701.77 USDT

🔼 24h High: 713.28 USDT | 🔽 24h Low: 695.37 USDT

📊 24h Change: +0.75% | Volume: 237,863.98 BNB

The BNB/USDT pair has shown a steady recovery with price consolidating around the 701.77 level. As we look at the charts, there are three key targets to watch for:

🎯 Target 1: 705 USDT

Reasoning: The price is currently hovering just below this level, and with support found at 695.37, a push to 705 looks possible. If the buying momentum continues, this area could serve as the first resistance level to test.

Technical Indicators: MA(7) at 699.57 and MA(25) at 701.40 support this potential move higher.

🎯 Target 2: 710 USDT

Reasoning: With bullish sentiment in the market, a break past 705 could set up the pair for a further rally towards 710. The market has previously reached a high of 713.28, making 710 a realistic next resistance point.

Technical Indicators: The MA(99) is sitting at 703.15, which supports upward price action.

🎯 Target 3: 715 USDT

Reasoning: Should BNB sustain above 710 and continue the upward trend, 715 becomes the next key resistance. This level aligns with previous price action and could be a significant area for profit-taking.

Key Levels: A daily close above 705 with high volume could signal a strong push to 715.

💡 Summary: The market is currently in a consolidation phase, but with the right momentum, BNB could break the 705-710 resistance zone. Keep an eye on the price action around 695.37 (support) and watch for breakout confirmation towards higher targets.

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