BINANCE COIN (BNB) NEARS $700 RESISTANCE:IS $750 NEXT?

Binance Coin (BNB) is currently trading at $683.47, with a 0.52% decrease in value. The coin has been struggling to overcome the $700 resistance level, but analysts believe that if it breaks through, the next target could be $750.

Key Resistance and Support Levels:

- Resistance Levels:

- $700: A psychological level that BNB is currently trying to breach

- $720: The next potential resistance level if BNB breaks through $700

- $750: A key target for BNB if the bullish trend continues

Support Levels:

$674: Tuesday's opening price, which could trigger a steeper correction if breached

$650: A psychological support level

$637: A horizontal support level that could be retested if BNB fails to hold above $700

Market Sentiment:

The market sentiment is currently bullish, with BNB showing impressive momentum and a potential shift towards a bullish market phase. However, there's a risk of a trend reversal, which could drag the price back to lower support levels like $635 or even $600 .

Technical Indicators:

Technical indicators like the RSI and EMA are supportive of further upside potential, with some analysts predicting a breakout above $700. The ascending channel pattern and bullish crossover in the MACD also strengthen the chances of a breakout .#TrumpTariffs #ElonMuskDOGEDeparture #bnb $BNB