According to current information about BNB prices, there are some key points to note when evaluating the potential for further price increases:
Technical analysis:
1. Strong support zone:
• The current main support levels are $715 and $700. If the price stays above these levels, the likelihood of further price increases is very high.
• A deeper support level is $685. If the price falls below this level, a larger correction to $665 or $650 may occur.
2. Important resistance:
• The nearest resistance zone is $725, where there is a downward trend line on the hourly chart.
• The next important resistance levels are $740 and $750. If it surpasses $750, the price could approach the $785 or even $800 range.
3. Technical indicators:
• MACD: Although the MACD is slowing down in the bearish zone, the overall signal still indicates the possibility of a short-term recovery.
• RSI: The RSI index above 50 indicates that buying momentum is still dominant.
Short-term forecast:
• If the price surpasses $725, this will be a positive signal, paving the way for a retest of the $740-$750 zone. Closing above $750 could trigger a larger price increase to $785-$800.
• Conversely, if the price cannot hold $715, the likelihood of a deeper correction to the $700-$685 zone is quite high.
Strategy:
• For short-term investors: It may be considered to buy near the support levels of $715-$700 and set a selling target at $740 or $750.
• For long-term investors: It is necessary to monitor the ability to break through the $750 resistance to confirm a more sustainable upward trend.
Overall, BNB prices are showing positive consolidation with growth potential if it breaks through key resistance levels.
