Is the currency $BNB preparing for a new launch? Here’s the technical analysis and smart entry strategy!
🔹 Current price: 647.04 USDT
🔹 Highest price in 24 hours: 651.51
🔹 Lowest price: 638.02
🔹 Daily change percentage: +1.41%
🔹 24-hour trading volume: 142,273 BNB
🔹 RSI (6): 41.24 – Signal approaching oversold areas (potential buying opportunity)
Technical Analysis:
Bollinger Bands are still relatively narrow, indicating the possibility of a strong price movement soon.
Strong support level: 619 – 591, and the drop has been rejected from there twice.
The MACD indicator is still in the negative zone but shows a slowdown in selling momentum.
The candles show an attempt to bounce from the support level at 619, supporting the idea of a "local bottom".
Trading Strategy:
✅ Entry point: from 640 to 645 USDT
✅ Take profit (TP):
First target: 675 USDT
Second target: 692 USDT
Stop loss (SL): Clear break below 618
Strategy: Buy when MA10 breaks upward or with the appearance of a confirming green candle in the 4-hour timeframe.
Quick summary:
Price is near a strong support area.
Selling momentum is slowing down.
Bounce opportunity exists, especially with RSI close to 40.
Do you think BNB will soar towards 700 soon? Don’t wait too long, and start your investment journey today!