On May 07, 2025, BNB/USDT on Binance looks strong at $605.91, up 9.45% in 24 hours. Let’s break it down simply.
Price and Trend
The price is rising and sits above key averages ($606.08 and $602.43), showing a bullish trend. Green candles on the chart confirm this, but some red ones show small dips.
Key Levels
Support (where price might stop falling): $593.23, then $602.43. If it drops more, $580-$585.
Resistance (where price might struggle): $607.00. If it breaks past, $615-$620 is next.
Volume and Movement
Trading volume (209,881.73 BNB) supports the rise. The price moves between $593.23 and $607.00, so it might pause or dip soon.
Trade Idea
Buy: At $605-$606, if you see a strong green candle or break above $607 with more volume.
Stop Loss: Below $600 or $602 to stay safe.
Take Profit: Aim for $615-$620 if it breaks $607.
Trend and Signal
The trend is bullish, but be careful near $607. Buy if it breaks $607 with volume, or wait for a dip to $600-$602. $BNB $BTC $ETH
