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Binance Technical Analysis: $BNB

/USDT

As the BNB/USDT pair hovers around $706.83, we’re seeing an ongoing upward momentum, gaining +0.57% in the last 24 hours. Let’s break down the key levels to watch in the short term.

Current Price: $706.83

24h High: $711.50 | 24h Low: $699.39

24h Volume: 144,884.89 BNB | 102.23M USDT

Key Levels to Watch 🎯:

1. $711.50 - Resistance Level 1

The first major resistance stands at $711.50, which aligns with the 24h high. A breakout above this level could propel the price towards higher levels.

2. $715.00 - Resistance Level 2

If BNB continues its upward trajectory, the next target could be around $715. A close above this resistance would suggest bullish momentum in the medium term.

3. $699.39 - Support Level

On the downside, $699.39 remains a crucial support level. If the price falls below this level, a deeper pullback towards $690 could be expected.

What’s Next?

BNB’s near-term price action is favoring bullish momentum, but watch for price reactions around these key levels. A break above $711.50 could fuel further upside, while a drop below $699.39 may lead to a bearish reversal.

Stay tuned for updates, and happy trading on Binance!