🔥 Technical Analysis for Currency $BNB – After Breaking 660$!
🕒 Current Price: 660$
📅 Date: May 14, 2025
🧠 Overview:
The BNB coin showed tremendous strength today after breaking through the strong resistance at 630$, and is now trading steadily at 660$. This breakout could be a clear signal of BNB entering a new bullish phase supported by market momentum and trader interest.
📊 New Support and Resistance:
🔻 New strong support: 630$ (became support after being resistance)
🔻 Second support: 605$
🔺 Upcoming resistance: 685$
🔺 Historical resistance: 720$
📈 Technical Indicators:
✅ RSI: at 72 – entered the overbought zone, indicating a potential temporary correction.
✅ MACD: in positive territory, but worth monitoring for any weakness in momentum.
✅ Price above moving averages (50 and 200 days): confirmation of the upward trend.
🚀 Positive Scenario:
Staying above 650$ with stable momentum could push the price towards 685$ quickly, and with a breakout above it, we open the way towards 720$.
⚠️ Corrective Scenario:
Any rejection at 660–670$ with a sudden drop could lead to testing the 630$ support again.
🔔 Note for Traders:
BNB is in a very important phase. If it maintains a daily close above 650$, it could be one of the best-performing coins in the market in the coming weeks.
💬 Do you see BNB heading towards 700$? Or do you expect a correction soon? Share your thoughts with me 👇
