$BNB

Here is the latest technical analysis for the BNBUSDT chart (4H timeframe):

1. Fibonacci Retracement Levels

0.5 at 698.46: Price managed to hold above this level.

0.618 at 675.75: Key support that has not been broken.

0.786 at 643.41: Deeper support if a breakdown occurs.

The current price is at 722.04, moving steadily above the 0.5 Fibonacci retracement level, indicating that there is still bullish momentum despite the sideways movement.

2. Support and Resistance

Main support:

698.46 (Fibonacci 0.5)

675.75 (Fibonacci 0.618)

Immediate resistance:

794.68: Previous local high.

846.65: Potential target if price breaks out upwards.

3. Trendline and Price Structure

Price follows a higher low pattern with support from the EMA 200 line (white line).

This shows that bullish momentum is still maintained despite consolidation pressure.

4. Relative Strength Index (RSI)

The RSI is currently at 53.54, indicating neutral conditions.

The RSI has not shown any signs of being overbought (>70) or oversold (<30).

If the RSI breaks above 60, it could be an additional confirmation for a bullish push.

5. Analysis Conclusion

General Trend: Price is still in a bullish consolidation phase above the key support area.

Bullish Opportunity:

If the price is able to break through the resistance of 794.68, then the next target is 846.65.

Bearish Risk:

If the price falls below 698.46, then the 675.75 area will become critical support.

Recommendation:

Monitor price movements towards the 698.46 and 794.68 areas.

Confirmation of a breakout with high volume will indicate a bullish signal.

Pay attention to this consolidation pattern, because the next price movement will determine the direction of the further trend.