#bnb Binance Coin (BNB) is currently trading at $599.77, with a 1.26% increase in the last 24 hours. Here's a detailed technical analysis:
*Key Price Levels:*
- *Support Level*: $587.86 (24-hour low)
- *Resistance Level*: $608.52 (24-hour high)
- *Current Resistance Zone*: $616-618, with potential targets at $632-635 if broken
*Trading Signals:*
- *Entry Point*: $595-$597, with targets at $590.1 and $582
- *Stop Loss*: Above $597.4
- *Bearish Signal*: Failure to reclaim $576.95 could lead to a deeper downturn
*Market Sentiment:*
- *Market Cap*: $85.11 billion to $88.46 billion, ranking #5 in cryptocurrency market capitalization
- *Trading Volume*: $1.08 billion to $1.15 billion in 24 hours
- *Price Change*: Mixed signals, with reports of 2.20% to 2.90% increase in 24 hours and 6.30% to 6.60% increase in the past 7 days
*Technical Indicators:*
- *Relative Strength Index (RSI)*: Not explicitly mentioned, but price action suggests neutral to bullish momentum
- *Moving Averages*: Not explicitly mentioned, but BNB's price structure remains bullish above key support levels ¹ ² ³ ⁴$BNB
