🟡 $BNB /USDT – Grinding Higher Near Key Resistance!

📈 BNB/USDT Technical Analysis (1H Chart)

💵 Current Price: $649.52 (+1.08%)

📊 Moving Averages:

MA(20): $646.02

MA(50): $643.54

MA(99): $633.64

📌 Summary:

BNB has recovered strongly from the $601 zone and is now consolidating just below the recent high at $652.64. It’s maintaining its position above all key moving averages, suggesting continued bullish pressure.

🔄 Market Behavior:

After bottoming out around $601, BNB formed a textbook V-shape recovery. The climb has slowed slightly, forming higher lows and showing resilience even after minor rejections.

🚀 Momentum Snapshot:

• Price above MA(20), MA(50), and MA(99)

• Volume remains steady with buyer dominance

• Slight resistance seen near $652

• Order book shows 73% buy-side pressure — bullish sentiment still intact

🧱 Key Levels:

• Resistance: $652.64, $660

• Support: $643.90, $632.60, $621.30

📌 Recommendations:

• If BNB breaks above $652, we may see a fast push toward $660–$670.

• If BNB fails to hold above $643, it could dip back toward $633 or even retest $621 for liquidity.

• If no breakout or breakdown occurs, expect ranging between $644–$652 short-term.

⚠️ DYOR: Markets are volatile, and breakouts can trap late entries. Always validate signals and use proper risk control.