Here’s a short-term analysis (15-minute chart) of BNB/USDT for today based on Chart :
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Current Price:
$648.25 (Down 0.89%)
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Key Observations:
1. Recent Price Action:
BNB hit a local high of $693.00 before experiencing a pullback.
Found short-term support at $640.66, and has since bounced back slightly.
Currently testing resistance near $649.50, where the price meets the 25-period moving average.
2. Moving Averages:
MA(7): 647.68
MA(25): 648.89
MA(99): 662.44
Price is just below both the 25-period and 99-period MAs, which may act as resistance.
MA(7) is starting to curve upward, suggesting a short-term rebound.
3. Volume:
Volume spikes during the sell-off and rebound indicate active trading and interest.
Current volume is modest, so the recovery could be limited without more buyer support.
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Short-Term Outlook:
Bullish signal: Reversal from $640.66 shows demand.
Bearish pressure remains: Price below 25 & 99 MA.
Key level to break for upside continuation: $649.50–$652
Support if rejected: $645, $640.66
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Conclusion:
Neutral to slightly bullish short-term, but needs a confirmed breakout above $649–652 to regain momentum.
Watch for volume increase and 15-min candle closings above resistance for bullish