$BNB /USDT Technical Analysis
Current Price: $688.81 (-0.65%)
BNB is currently consolidating within a narrow range after testing the $685 support level. The price action indicates potential for a breakout, supported by steady volume and positive momentum over higher time frames.
Key Levels:
Support: $685 (Strong support zone)
Resistance: $700 (Immediate resistance)
Indicators:
RSI (Relative Strength Index): Neutral, hovering around 50, indicating neither overbought nor oversold conditions.
Moving Averages (MA):
20 EMA: Positioned slightly above the current price, acting as minor resistance.
50 EMA: Flat, indicating consolidation.
MACD (Moving Average Convergence Divergence): Shows a bullish crossover on the 4H chart, suggesting upward momentum.
Trade Signal
Momentum: Neutral-to-Bullish
Entry Zone: $686–$690
Stop Loss: $680
Targets 🎯:
1. Target 1: $700
2. Target 2: $710
3. Target 3: $725
