#BNB/USDT Price Action Shows Quick Recovery After Sharp Drop :
The BNB/USDT trading chart from Binance reflects a sharp but short-lived dip in Binance Coin (BNB) prices, followed by a strong bullish rebound. As seen in the 15-minute candlestick chart, the price briefly fell to a low of $641.64 before quickly bouncing back to $644.31. This recovery suggests buying pressure at lower levels, supported by a strong green candle.
Despite the current price showing a slight 0.26% decrease, key indicators such as the 7-period EMA ($643.47), 25-period EMA ($643.70), and 99-period EMA ($643.57) are converging, signaling potential for short-term momentum. The MACD and histogram remain slightly bearish, but the narrowing gap could indicate an upcoming crossover.
With a 24-hour high of $646.43 and a low of $638.66, traders are closely watching this zone for breakout or resistance levels. The rapid rebound points to strong market interest, and traders may look for confirmation in the next few candles.