đ¨ $BNB /USDT Trading Alert đ¨
As of the latest update, Binance Coin (BNB) is trading at a solid $603.8, marking a 2.20% increase. The bulls seem to be in control, with the price peaking at a 24-hour high of $609.0. Meanwhile, the lower boundary has been tested with a 24-hour low at $590.4, setting a decent support level.
This recent uptick in BNB's price is a crucial point for traders to watch. The resistance is nearing at $609. If BNB breaks this level, we could see a strong upward momentum, potentially testing further highs. Conversely, the support at $573 remains a critical area. A drop below could signal a short-term bearish reversal, indicating a possible sell-off.
With the RSI at 78.5, indicating near-overbought conditions, and the MACD showing a bullish crossover, the market sentiment leans towards a bullish outlook in the short term. Traders might consider entering long if the price sustains above the current resistance level, targeting further gains.
Stay updated and trade wisely!
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