$BNB shows strength with mixed indicators
Short-time $BNB chart is hovering at $505.3 with RSI at 54.6, showing neutral conditions, while the MACD is slightly positive at 0.1, suggesting potential upward movement. The Stochastic Oscillator at 78.3 indicates a bullish bias.
A long entry could be considered above the upper Bollinger Band at $505.5, targeting $508.0 with a stop-loss at $503.7.
A short entry may be viable if price breaks below $503.7, targeting $501.8 with a stop-loss at $505.0.
Hourly $BNB chart presents a more bullish picture with RSI at 58.5 and MACD at 2.3, supporting upward momentum.
A long entry could be considered above $505.5, targeting $510.0 with a stop-loss at $502.2.
For a bearish scenario, a short entry might be possible below $502.4, targeting $500.6 with a stop-loss at $505.0.
On the daily chart, BNB shows a mixed trend, with the RSI at 42.1 suggesting neutral to bearish conditions. The MACD at -12.3 reflects ongoing downward pressure.
Bears could consider a short entry below $503.2, targeting $501.7 with a stop-loss at $505.0.
Bulls might wait for a reversal above $510.0, targeting $533.9 with a stop-loss at $508.9.
**Note: All indicator readings are as per the publish time of this analysis. Exercise caution and do thorough research before making trading decisions.