$BNB STRONG RALLY STALLS CAN IT HOLD ABOVE SUPPORT OR BREAK LOWER?
$BNB /USDT surged to a recent high of $691.31 following a clean breakout from a consolidation phase and a confirmed inverse head & shoulders pattern. However, price is now pulling back after rejection at the resistance zone.
Current Market Structure:
Pattern: Inverse Head & Shoulders (bullish breakout confirmed)
High: $691.31
Support Zone: ~$641.00
Resistance Zone: ~$668.00
Price is currently sitting just above the key support. If this level breaks, we may see a deeper retracement. But if buyers defend it, a fresh attempt toward the $670+ range could unfold.
Pro Tip: Watch for a bullish reversal candle or volume spike near support for a potential re-entry. Avoid entering mid range play breakout or bounce.