$BNB is currently trading within a classic Rising Wedge pattern on the 1Hr chart โ a structure that often signals potential reversal after a strong uptrend.
๐ Key Observations
Price is steadily climbing but the volume appears to be fading, indicating a possible momentum loss.
The wedge is narrowing, meaning buyers are pushing higher, but with weaker force.
Support lies near $665 โ a breakdown below this could trigger short-term downside pressure.
Resistance zone: $675-$678. A breakout above this may invalidate the wedge.
๐ If the wedge breaks to the downside, watch for quick moves toward $655 and $645.
๐ If bulls defend the lower trendline, expect another attempt to push toward $680 - $700 .
Rising wedges often break bearish โ so keep a tight watch. Smart risk management is key here.