BNB/USDT Four Hour Technical Analysis (As of May 12, 2025)
1. Trend Analysis
Current Price: 652.60 USDT
Recent Trend: BNB has recently experienced a strong upward trend, quickly rising from below 600 USDT to nearly 670 USDT, with a rapid breakout in a short time. This upward movement shows strong momentum and is accompanied by significant volume, indicating active participation from market funds. However, there are signs of a certain pullback at high levels, with the price adjusting to the 650 USDT range for sideways consolidation.
2. Key Support and Resistance
📌 Support Levels:
640 USDT: The area of confirmation after the previous breakout, currently acting as strong short-term support;
620 USDT: If it breaks below 640, the price may pull back to the 620 USDT area, which is a strong support level from the previous breakout; a breach of this level would significantly weaken bullish momentum.
📌 Resistance Levels:
670 USDT: The high point of this rise; if a volume breakout can occur, it is expected to test the psychological level of 700 USDT;
700 USDT: A whole number level and a long-term resistance area; breaking through this will open up new upward space.
3. RSI Momentum Analysis
RSI (14): 59.46 (Neutral to Strong)
Previously, RSI briefly broke through the overbought zone of 70, and with the price correction, it has now retreated to around 60, indicating weakening momentum. If RSI can remain above 50 along with price stabilization, it suggests that the market still has the potential for repair and upward movement. Conversely, if it breaks below 50, deeper pullback risks need to be monitored.
4. Volume-Price Coordination Analysis
Volume Increase on Uptrend, Decrease on Pullback: The uptrend is accompanied by increasing volume, while the pullback has not seen a significant increase in trading volume, indicating that current selling pressure is not intense and is merely short-term profit-taking by bulls. If a subsequent breakout above 670 USDT is to occur, it needs to be accompanied by volume; otherwise, there is a risk of a 'false breakout'.
5. Strategy Recommendations
Short-term Pullback to Buy:
If the price pulls back to the support near 640 USDT and stabilizes, consider entering long positions, with stop-loss set below 620 USDT, targeting 670 and 700 USDT.
Breakout Follow-up Buy Strategy:
If it can break out above 670 with volume, add to long positions, initially targeting 700, and further looking towards 720.
Risk Control for Breakouts:
If the support at 640 USDT is lost, it is recommended to exit and observe in the short term, as it may test the support at 620 or even 600 USDT.
