$BNB Update – Recovery in Sight?.....must watch the next move of $BNB
$BNB is showing signs of recovery, currently trading at $701.59, up 1.61% over the last 24 hours. The price is rebounding after testing the $687 support zone.
Key Levels:
Immediate Resistance: $712
Support Zone: $687 - $690
Breakout Level: $730
Market Observation:
The price action reflects a strong bounce off the support zone, signaling buyer interest. However, it must surpass the $712 resistance level to confirm further bullish momentum.
Next Steps:
Bullish Target: $730 and higher if the uptrend continues.
Risk Management: Tight stops below $690 to protect against unexpected reversals.
Keep an eye on volume spikes to validate the move.