Personal analysis of BNB currency through Binance platform
I am one of those who do not like to miss opportunities, especially when I notice strong movement as is happening now with BNB currency. The current price is 632.19 USDT with an estimated increase of +2.51% over the past twenty-four hours. The currency recorded its highest level at 640.96 and its lowest level at 612.78 during the same period, indicating a healthy and vibrant volatility that attracts traders.
The trading volume over the 24 hours exceeded 434,000 BNB, indicating that liquidity is actively entering. As for trading in USDT, it has surpassed 271 million, which is a significant figure indicating clear interest from investors, both small and large.
By monitoring the candlestick movement on a 30-minute time frame, I noticed a clear upward wave followed by a natural corrective movement, but the overall trend remains positive. Historical data also confirms this trend; in the last 30 days, the currency rose by 13.72%, while the increase over 90 days was around 9.95%.
Through the Binance app, I analyzed the buy and sell ratios and noticed that 68.53% of traders are in a buying position compared to 31.47% in a selling position, reflecting a state of confidence in the market towards BNB.
Currently, I am in a buying position but cautiously, and I set an initial target close to 645 USDT, with a stop loss set in case the price drops below 620 USDT. I do not seek to excessively multiply profits but rather to achieve a steady and calculated gain while preserving capital.
