$BNB Holds Near Key Support: Will Bulls Take Charge?
$BNB is trading at $688.86, recovering slightly from its intraday low of $683.00. The price has been consolidating after facing a strong rejection near $719.99 earlier in the session. Current market activity suggests $BNB is testing a critical support zone, with buyers showing cautious interest.
The RSI at 35 indicates that BNB is nearing oversold territory, which could trigger a potential rebound if buying momentum strengthens. However, continued pressure near the support zone might lead to further dips. Traders should watch closely for signs of a reversal or a breakdown to determine the next move in this volatile phase.