Is $BNB ready to launch? Strong rebound from the bottom and analysis reveals the upcoming targets
Technical Analysis:
Current Price: 640.59 USDT
Highest Price in 24 Hours: 642.79
Lowest Price: 617.02
Volume in 24 Hours: 139.91 million USDT
Technical Indicators:
RSI (6): at 56.87 → indicates moderate momentum with potential for further upward movement.
MACD: Bullish crossover, showing gradual improvement in buying momentum.
Bollinger Bands: The price has rebounded from near the lower limit (601.25) and is now heading to test the middle line (641.17), and if it breaks above steadily, we may witness a price explosion towards the upper limit (661.84).
Trading Strategy:
Entry: Between 638 – 642 USDT (with confirmation of closing above 640)
Targets:
TP1: 655 USDT
TP2: 674 USDT
TP3 (Extension): 690 USDT if momentum continues
Stop Loss (SL): below support at 620 USDT
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Supportive points for the bullish trend:
Strong rebound from an important psychological zone (600 USDT)
Increasing trading volume with every green candle
The continued performance of BNB as a major currency on Binance supports its stability and market confidence
Do you think BNB will return to levels above 700 USDT soon? Or is the rebound just a bullish trap? Share your opinion in the comments