$BNB showing signs of recovery after a sharp drop to $625.44
š Now at $647.81 ā up from recent lows, but facing resistance near $653.81
š„ 24h Vol: 77,767.51 BNB | Eyes on reclaiming $653.81
Technical Analysis:
Strong rejection and bounce from $625.44 support
Oversold bounce pattern forming after heavy selling
Volume spike as price rebounded from the low
Previous support at $646.46 now acting as a pivot zone
Key resistance at $653.81; next major level to watch
Targets:
šÆ Short-term: $653.81 (~0.9% upside)
šÆ Medium-term: $673.43 (~4% upside from current)
šÆ Stop-loss: Below $625.44 (~3.5% downside)
Risk Assessment:
High volatility after recent crash
Recovery signs, but could be a dead cat bounce without sustained volume
Market sentiment fragile after sharp drop
Need confirmation above $653.81 for further upside
DYOR (Do Your Own Research)
Bottom found or bull trap? DYOR
