$BNB
🚨 BNB Coin Price Prediction 🚨
On the 1-hour chart, BNB shows a clear five-wave impulse from the $585 level. Wave (iii) extended strongly to $675 before a sharp retracement initiated wave (iv).
The correction seems to unfold as a flat or expanded flat, with the price currently hovering around $649.
Assuming wave (iv) holds above $635 support, the final wave (v) may target the Fibonacci extensions between $685 (1.0) and $746 (1.618).
The internal structure of wave (v) will determine whether the rally becomes overextended, but if volume confirms breakout strength, a move toward the $712- $746 area is likely.
The RSI is cooling off after reaching overbought levels during wave (iii), creating room for another leg higher.
However, traders should remain cautious, as RSI divergence between waves (iii) and (v) could signal a temporary top once $685–$712 is reached.
If wave (iv) fails to hold the $635 support zone, the structure may weaken and retrace deeper toward $609 or even $585.
However, this would keep the macro impulse intact unless $585 breaks decisively.
For now, bullish continuation remains the base case, with $685 and $712 as logical short-term targets once wave (iv) completes.
