BNB has recently stabilized above $600 and has started a new upward trend. Following the pace of big brothers Bitcoin and Ethereum, BNB has also broken through the two key resistance levels of $620 and $625 in one go.
🔍 How does the technical aspect look?
Currently, BNB is fluctuating around $642, which happens to be the 76.4% Fibonacci retracement level from the previous drop, indicating some indecision.
🚀 How will the upper resistance level behave?
The current resistance level is $644.
Above that is $650, which could be a critical point!
👉 If it can decisively break through $650, we might see:
$665
If it pushes higher, it will be $680
The most aggressive move may even touch the $700 mark 🎯
📉 What if it can’t rise?
Don’t forget, the market also has two sides:
If it gets stuck around $644, it may start a slight pullback.
Support below is seen at these levels:
First is $635
Then is $632
The key point is $625. If this level cannot be held, it may drop to $612 or even $600 😬
📊 Let’s take a look at the indicators:
🧠 Let’s summarize:
BNB is currently at a critical position. If it can't rise, it may fluctuate or slightly adjust. If it drops too much, there will be support; if it performs well, it may break through $650 and continue to soar 📈
📌 Tips for crypto beginners:
Don’t FOMO, don’t chase highs, learn to observe how key levels behave. Take it slow to live longer and go further~ 😉
DYOR, manage risk well, and may everyone set sail in the crypto world! 🌊
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