$BNB Gains +4.79%! Bulls Target Higher Levels! 🥶🚀
Current Price: BNB is trading at $655.90, showing strong recovery after touching a 24h low of $625.38, while the 24h high stands at $680.00.
• Moving Averages:
• MA(7) at $655.83 is aligned with the current price, showing potential for continued bullish momentum.
• MA(25) at $654.89 and MA(99) at $626.71 indicate a strong upward trend, with solid long-term support.
• Volume: Increased trading volume during the rally to $680.00 reflects strong buyer interest. The pullback suggests profit-taking, but momentum remains intact.
• Support and Resistance:
• Support: Immediate support lies at $650.00, with stronger support at $635.00. Buyers are likely to defend these zones.
• Resistance: Key resistance is at $680.00. Breaking this level could push BNB toward the $700.00 psychological barrier.
Trend Outlook:
BNB continues to show a bullish structure with higher highs and higher lows. Consolidation at current levels could provide a launchpad for the next breakout.
Is BNB Ready to Break $700?
The slight pullback offers an opportunity to accumulate before another potential surge. Watch for a retest of $680.00 to confirm bullish continuation.
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