$BNB /USDT – Short-Term Trade Setup (May 8, 2025)

BNB is currently trading at $613.96, showing a +1.46% 24h gain. After bouncing from the $597.89 support zone, it tested resistance at $617.88, forming a minor intraday rejection.

Technical Indicators:

EMA: Price trading above the 20 & 50 EMA on the 1H chart, indicating short-term bullish momentum.

MACD: Bullish crossover with increasing histogram bars supports upward pressure.

RSI: Hovering around 63, suggesting room for upside before overbought levels.

Bollinger Bands: Price nearing the upper band, potential for continuation or minor pullback.

Volume: 24h volume remains strong at 261K BNB, confirming trader interest.

Short-Term Targets:

1. Target 1: $620 – First resistance breakout confirmation

2. Target 2: $628 – Minor resistance zone from recent price action

3. Target 3: $640 – Extended bullish target if momentum continues

Stop-Loss: Consider below $600 for risk management.

Note: Watch for consolidation between $608–$617. A breakout with volume may validate higher targets.

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