Current situation
- Price: 599.64 USDT (-0.48% in the last 24 hours).
- 24-hour range: 595.12 – 603.61 USDT.
- Trading volume:
- 147,326.88 BNB (~88.36 million USDT), indicating moderate activity.
Key levels
- Support: 595.00 USDT (minimum in the last 24 hours).
- Resistance: 603.61 USDT (maximum in the last 24 hours).
- Psychological level: 600.00 USDT.
Trend
- Short-term trend: neutral/weak bearish (price below the key level of 600 USDT, but close to it).
- If the price consolidates above 600 USDT, a test of resistance at 603.61 USDT is possible.
- If it falls below 595 USDT, the next support level is 590 USDT.
Recommendations
- For buyers: Enter long on a confident breakout at 603.61 USDT with a target of 610 USDT.
- For sellers: Short positions if it falls below 595 USDT with a target of 590 USDT.
- Stop-loss: For long — 594 USDT, for short — 604 USDT.
Risks
- Low volatility may limit price movement.
- It's important to monitor the overall market sentiment (BTC, macroeconomic factors).
Conclusion: BNB/USDT is in a consolidation zone. Trading within the range of 595–603 USDT with an expectation of a breakout.
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