BNB/USDT Daily Chart Analysis
1. Price Action:
Current Price: $646.69
Recent High: $693.00
Recent Low: $625.53
After peaking at $693, BNB is showing signs of pullback and consolidation above the $625 support area. The current price is trying to stabilize near $646, forming a potential higher low — a common bullish continuation signal.
2. Parabolic SAR (Stop and Reverse):
SAR dots are below the candles, currently at $635.05 — indicating bullish momentum is still in play.
If the price remains above SAR and $635, the uptrend may continue.
3. RSI (Relative Strength Index):
RSI(6) = 54.40
This places BNB in the neutral zone, slightly leaning bullish. There’s still room for upward movement before becoming overbought (>70), suggesting there’s space for buyers to step in.
4. Moving Averages:
MA(5): 196,459.49
MA(10): 323,032.34
Short-term MA is below the longer-term MA, which may hint at slowing momentum or just a temporary cooldown. Needs confirmation from future candles.
5. Volume:
Volume remains moderate, with recent green candles suggesting buyer interest is still present, though not at peak levels.
Sustained volume will be key for any breakout above the resistance at $663.59.
6. Support & Resistance:
Key Support Levels: $635, $625
Immediate Resistance: $663.59
Major Resistance: $693 (recent high)
7. Trend Overview (Based on Performance Metrics):
Today: +0.98%
7 Days: -1.28% (Minor correction)
30 Days: +9.23% (Strong performance)
90 Days: -4.19% (Recent pullback)
180 Days: +4.09%
1 Year: +11.62% (Long-term uptrend)
Outlook:
Short-Term: Cautiously Bullish
Mid-Term: Bullish if $663.59 breaks
Key Level to Watch: $663.59 (Breakout) and $625 (Support)
