Introduction:

$BNB It is not just a coin, but the backbone of the Binance platform. In this technical and fundamental analysis, we will look at the current movement of BNB and whether we are on the verge of a new breakout.

1. Technical analysis (daily timeframe):

Current price: $595 – $610

Strong support: $565

Key resistance: $630 – $650

  • Indicators:

    • RSI: In neutral territory (55–60) allowing room for upward movement

      MACD: Bullish crossover has begun to form

      Moving averages: price above the 50 and 200-day averages, a positive signal

Potential model:

We notice the formation of an ascending triangle, and if the price breaks the $630 level with a strong daily close, we may see a rapid upward movement towards $700+.
2. Fundamental analysis:

  • The quarterly burn of BNB reduces supply continuously

    The launch of more projects on the BNB Smart Chain increases demand

    Growth in the use of BNB in trading fees, lending, and DeFi

    Recent major news:

  • Binance's support for several Launchpad projects using BNB

    Increased activity on the opBNB platform and BEP-333 (the new upgrade)

My perspective:

BNB is currently in a strong accumulation phase, and the upcoming movements could be crucial. I am watching the $630 level as key for any forthcoming surge.

The best opportunity: buy near support or after a confirmed break of resistance.


Conclusion:

What do you think of BNB's movement? Do you support this scenario, or see a different path?

Write your opinion in the comments – and add a like for support if you found this analysis useful.

I will update the analysis in the coming days based on market movements.

$BTC $BNB

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