From the BNB 4-hour K-line chart, BNB has maintained a clear upward trend in recent trading days, breaking through previous resistance levels and forming new support. Based on technical analysis, here is the prediction for today's BNB trend and operational suggestions:
Technical Analysis and Trend Prediction
Trend Overview: The chart shows that BNB has exhibited a clear bullish trend after a rebound from the bottom. The recent wave of increase broke through the $640 level, reaching a high close to $645. The short-term moving averages (MA5, MA10) are in a bullish arrangement, with the price consistently running above the moving averages, indicating strong upward momentum.
Support and Resistance Levels:
First Support Level: The current strong support is in the $630-$635 range. If the price falls back to this area, it should receive support. Resistance Level: In the short term, the area near $645 is a strong resistance level. If this level is effectively broken, BNB may move towards the $650-$655 range.
Technical Indicators: The moving average system shows a bullish arrangement, and trading volume has slightly increased, indicating a market sentiment leaning towards optimism. However, attention should be paid to the possibility of a pullback from high levels, especially regarding price performance near the $645 resistance level.
First Take Profit Level: $645-$647.
Second Take Profit Level: $650-$655.
Stop Loss Level: $625-$630.
Today's expected volatility range for BNB is between $630 and $650. If market sentiment is positive, the price may break through the $645 resistance and test the $650 area; conversely, if it encounters pressure and falls back, it may pull back to around $635. Overall, BNB is currently strong in its bullish trend, but there may be some pullback after breaking through high levels.
BNB is currently in a strong upward trend, benefiting from market sentiment in the short term, but the $645-$650 area above has strong resistance. Investors need to closely monitor changes in trading volume and market momentum. Short-term investors can conduct swing trades based on support and resistance ranges, while long-term investors can consider increasing their positions after clear breakout signals.