BNB

📊 Technical Analysis Chart

The current price of BNB is 677.43, at a rebound high for the past few weeks.

The most recent weekly candlestick is a medium bullish candle, and it has broken through the 660 platform consolidation area, indicating that the bulls are starting to take control.

The previous low of 499 is a strong support area, having tested the bottom multiple times without breaking, confirming the bottom.

The strong resistance above is the previous high of 794, currently approaching 691.21. There will be a technical adjustment in the short term, but the medium term remains bullish.

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📰 News Interpretation

The platform news title “BNB Chain is Gaining Momentum Again” indicates that the ecosystem is becoming active, combined with the favorable attributes of the Binance platform, which positively impacts the price of BNB.

BNB is a platform token; the popularity of Binance, the launch of new projects, and on-chain activity will all directly affect its price.

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📈 Conclusion: Clearly Bullish

Currently, BNB is showing an upward bottom on both the monthly and weekly charts, combined with active on-chain projects and a warming market atmosphere. It is recommended to hold and go long in the long term, with target levels set at:

First target level: 720~750 USDT

Ultimate target after breaking through: 794~830 USDT range

Suggestions:

If it retraces to 660~670 USDT, you can continue to increase your position;

If it falls below 620 USDT and loses the 600 mark, consider stopping losses or switching to a bearish position.