$BNB /USDT Heating Up! Is a Major Breakout on the Horizon?

BNB is currently trading at $637.68, showing a slight dip of -1.12%. In the past 24 hours, the price has ranged between a high of $655.19 and a low of $634.34 — indicating consolidation just below a key resistance zone.

Market Structure Snapshot:

Support Zones: $634 (short-term), $494 (mid-term), $325 (long-term)

Resistance Levels: $663 (immediate), $793 (major), $832 (macro)

The price is hovering just above the 7-day MA at $637.66, with the 25-day MA at $470.52 acting as a trailing support — a bullish alignment.

Potential Trade Setups:

Bullish Setup:

Entry: Break and close above $663

Target 1: $700

Target 2: $793 (recent swing high)

Stop-loss: Below $634

Risk/Reward: Favorable (2:1 or better)

Bearish Setup:

Entry: Breakdown below $634 with volume

Target 1: $570

Target 2: $494

Stop-loss: Above $655

Risk/Reward: Moderate (1.5:1)

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Expert Insight:

The current market structure shows strength with higher lows forming since early 2023. Volume has been picking up, which often precedes a larger price movement. If BNB can reclaim and hold above $663, bulls could drive it toward retesting the $793 zone. However, a failure to hold $634 might trigger a deeper correction. Stay alert.

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