Currently, BNBUSDT in perpetual mode on Binance is showing a slight bullish momentum after rebounding from the support area around $595. The price is now moving within the $604–$606 range, approaching a key resistance at $608–$610. If the price successfully breaks above this resistance with strong volume, the bullish trend could continue, targeting higher levels. However, if it fails to break through, a reversal could occur with a potential move back toward the support zone around $600–$595. The Relative Strength Index (RSI) is at 65.44, indicating that the asset is approaching overbought conditions, which requires caution as a potential correction may happen if RSI crosses above 70. Meanwhile, the 7-period moving average (MA7) at $604.01 is currently acting as dynamic support for the price. Overall, the market trend on the 1-hour chart is still upward, but traders should closely monitor the price action near the $608 resistance to determine the next move. Volume is relatively moderate but shows slight weakness, suggesting that a breakout must be supported by stronger buying pressure.
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
