🚀 BNB Market Update Big bullish🎴🎴
A golden buying opportunity has emerged as BNB dips to the lower support at $570, signaling a possible turnaround! This level is the lowest point in the current correction, setting up a potential reversal zone. 📉📈
💥Technical Breakdown:
- Support Level: $570 (Lower Bollinger Band)
- Resistance: $620 (Upper Bollinger Band)
- **RSI:** 30 (In oversold zone)
- Moving Averages:
- 50-day MA: $590
- 200-day MA: $540
⛔⛔Bullish Indicators:
- Price holding steady at support 📊
- Surge in buying volume 📈
- RSI showing divergence, with price making higher lows 🔄
👉Potential Reversal:
If BNB stays above the support line, we could see:
- A rebound to $590 (50-day MA) 🔄
- A break past $620 (resistance) 🚀
- A potential upward trend aiming for $650-$700 🌟$BNB
