$BNB Technical Analysis (4H Chart)
Strong Breakout Rally: BNB has surged sharply, breaking out from a consolidation range around $610–$620 and hitting a local high of $678.95 — its highest in months. This breakout was supported by strong bullish volume, suggesting significant buyer interest.
Pullback After Peak: After touching the $678.95 mark, the price saw a minor rejection and is now consolidating around $662. This pullback appears healthy after a strong run-up, indicating potential for continuation if bulls defend this zone.
Volume Spike: A noticeable uptick in volume during the breakout hints at institutional or large-scale buying. Sustained volume above average supports the bullish case.
Support and Resistance Levels:
Immediate support: $650–$655 zone — previously resistance, now turned support.
Major resistance: $680 — a psychological and recent local top. If broken, could open the path to $700+.
Strong support below: $620 — the breakout base.
Outlook:
BNB remains in a strong uptrend on the 4H chart. A successful hold above $650 could fuel another leg higher. However, failure to hold that support may lead to a retest of the $620–$630 area. Watch volume and momentum indicators for confirmation of trend continuation.
