BNB/USDT Movement Prediction - Buy or Sell?
Currently, the price of BNB is $655.89, experiencing an increase of +2.13% in the last 24 hours. Based on the daily chart and technical indicators, here is the complete analysis:
1. Trend and EMA:
The price is above EMA50 ($649.70) and EMA200 ($646.63), indicating a short-term bullish signal. This could be an early sign of potential continuation of the upward trend.
2. RSI (Relative Strength Index):
RSI is at 60.38 – not yet in the overbought area (>70), but already showing quite dominant buying strength.
3. MACD:
The MACD signal is still close to the neutral zone, but the green histogram is starting to weaken. This indicates that the bullish momentum is beginning to lose strength.
4. Resistance and Support:
Strong resistance is at $669 (high of 24 hours). If the price can break this level with high volume, the potential for further upward movement is wide open.
Strong nearest support is in the range of $646–$649 (EMA50 & EMA200 area).
Conclusion: BUY with Caution
As long as the price remains above EMA200, buying positions are still quite safe for short-term swings. However, pay attention to the resistance at $669 – if it fails to break, there could be a correction back to the $640s.