💡 Quick technical analysis:
✅ Stability above 650 USDT! BNB is currently trading at 652.91 USDT with a slight increase (+1.05%), showing significant stability after the strong test at the level of 639.69 USDT.
✅ RSI at 46.91 – the relative strength index is in the neutral zone, meaning there is significant room for either upward or downward movement, making the market more volatile at the moment.
✅ MACD shows a bearish momentum! The MACD value is at -4.77, indicating that the bearish trend is still ongoing at the moment, but upcoming movements could open the door for a near breakout if a positive crossover occurs.
✅ Nearby resistance level at 697.73 USDT – if BNB can surpass this level, we may witness a strong movement towards 703.84 USDT or even more.
📉 Strong support at 639.69 USDT – represents a strong support that could prevent the current decline and bring the price back to higher levels.
📊 Trading volume is slightly declining – this reflects a decrease in momentum, but with increased activity in the future, we might see a new recovery.
$BNB
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🚀 Expected scenario:
📍 If BNB can break through the resistance level at 697.73 USDT, we may see acceleration towards 703.84 USDT and possibly higher.
📍 In case of a pullback, the level of 639.69 USDT will be the main support that may provide an opportunity for a rebound and a new surge.
$BNB
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🔥 Is BNB ready to explode?! With ongoing developments in the cryptocurrency market, we might have a new upward movement coming! Will you be among the beneficiaries of this momentum? 🌊🚀
