$BNB 📊 BNB/USDT Technical Update – Support & Resistance Analysis
BNB is currently trading at $652.31, down 3.77% in the last 24 hours. Let’s take a look at the key support and resistance levels using the daily chart:
🔹 Resistance Levels:
$671 – $678: This zone aligns with the 7-day MA and the recent top wick, acting as immediate resistance.
$697: This is the recent swing high, and a crucial level bulls need to reclaim to push further up.
$703: The next psychological resistance level, last seen before the recent pullback.
🔻 Support Levels:
$658 – $652: Currently being tested. The 25-day MA ($658) is right above the current price. If this breaks, further downside is likely.
$628: A previous local support zone, also near a key consolidation range.
$614 – $602: The 99-day MA ($614) and previous price action support from late May make this a strong support zone if the decline continues.
📉 MACD Insight:
MACD shows a bearish crossover, and momentum is turning negative, indicating potential for continued downside in the short term.
⚠️ Watch For:
If price closes below $652, we might see further selling pressure toward $628.
A bounce back above $671 would indicate bullish resilience and could aim for $697+ again.
📌 Conclusion: The trend is currently under pressure as BNB faces resistance at the short-term MAs. Support at $652 is critical—watch closely for a breakdown or a reversal in the coming sessions.
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