🔥 $BNB Ready for Its Next Move
Here's the analysis:
Key Fibonacci Levels:
1.793.35 (All-time high).
2.734.41 – A minor resistance level.
3.697.95 – Currently acting as support.
4.668.48 – A critical level often seen as a strong support or resistance point.
5.639.00 – Known as the "golden ratio," a major support zone.
6.543.60 – The lowest retracement level.
Current Price:
The price is at 703.70, slightly above the 38.2% retracement level, suggesting consolidation around this support.
Prediction:
Bullish Scenario: If $BNB can break above the 23.6% level 734.41, it may test its ATH 793.35 again.
Bearish Scenario: If it loses the 38.2% level 697.95, the next supports are at the 50% level 668.48 and 61.8% level 639.00.