$BNB
🟡BNB is currently like a big cat pacing in a 'cage'. It seems calm but is actually building up energy to make a move!
📉 First, let's look at the current status: Consolidating and healing?
Currently, BNB is fluctuating between $633 and $693,
The 20-day moving average is basically flat, and the RSI is also squeezed around the midpoint.
What does this mean?
👉 Both bulls and bears are waiting, and the market has entered a phase of 'whoever acts first may suffer'.
⚠️ The key breakout point is here!
🔺 Key level above: $693
As long as this line is broken, bulls will rush in to push the price up, aiming directly for:
$732
With momentum, it could even reach $761
🔻 Key level below: $634 (which is the 50-day moving average position)
If it can't hold, then it's:
Heading straight for $580, and the bulls will start to get hit again!