BNB is currently in a consolidation phase after an upward trend, and we need to observe whether it can effectively break through the resistance level of $717. If it breaks through, it may attempt to target the previous high of $793.
The short-term moving average (yellow, 20-day) and the medium-term moving average (blue, 60-day) are both gradually rising, indicating a strong short-term market trend. The current price is above the 20-day moving average, showing stronger bullish control.
The MACD histogram is beginning to narrow, indicating that the forces of bulls and bears are approaching balance. The fast line (yellow) is above the slow line (blue), and a death cross has not yet appeared, so there is still some upward momentum in the short term.
The current RSI value is 58.95, close to the overbought range (below 70), indicating a bullish market sentiment, but it may enter a consolidation phase in the short term.
The daily moving average system is in a bullish arrangement (short-term moving average is above the long-term moving average), and the medium to long-term trend remains bullish.
Short-term traders: Consider buying on dips near the 60-day moving average ($640), targeting $717 to $793.
Medium to long-term investors: You can gradually build positions in batches and hold patiently, waiting for further confirmation of the trend.
$BNB (spot)
$BNB (contract)
