Current Price: $572.7 (+2.40%)
Date: October 11, 2024
Market Overview
BNB has shown solid upward momentum in the last 24 hours, hitting a 24h high of $577.5 and a 24h low of $558.7. The pair has gained 7.61% over the past 30 days and a remarkable 178.96% over the last year, reflecting sustained growth.
Key Technical Indicators:
SAR (Stop and Reverse): 572.3
24h Trading Volume: 189,491.19 BNB ($107.43M USDT)
MACD: Positive divergence, signaling bullish momentum.
RSI (Relative Strength Index): Indicates potential continuation of the upward trend, but we’re nearing overbought levels.
Short-Term Targets:
🎯 Target 1: $585
BNB is likely to test the upper resistance at $585, which aligns with the previous high and the upper Bollinger Band boundary. A breakout above this level could lead to a strong bullish rally.
🎯 Target 2: $600
If the bullish momentum continues, BNB could reach the psychological resistance level of $600. This would mark a significant milestone, as many traders look at this level for profit-taking or further breakout opportunities.
🎯 Target 3: $620
The final target sits at $620, a key resistance level based on historical data. Achieving this would reflect BNB’s strong bullish continuation, but traders should watch for increased selling pressure at this level.
Support Levels:
In case of pullbacks, immediate support is found at $558.7 (24h low) and a stronger support around $550.7
