🔍 Technical analysis for BNB:
📉 Current price:
Ranging between $580 – $610, after a bullish wave that started in May 2025.
📊 Support and resistance levels:
First support: $570
Strong support: $520
Current resistance: $630
Next resistance: $700
📈 Overall trend:
The currency is in an upward trend in the medium term, especially after regaining confidence in the Binance platform with its management stabilizing and expanding into global markets.
📉 Technical indicators:
RSI: around 60 → indicates moderate bullish momentum.
50-day moving average (MA50): below the price, supporting the upward trend.
Chart pattern: There is a possibility of forming a rising triangle with a chance for a breakout upwards.
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⚖️ Fundamental analysis:
✅ Positive factors:
BNB is the main token for the largest trading platform in the world: Binance.
Used to pay fees, and within DeFi services, Launchpads, and NFTs.
Periodic token burn reduces supply, supporting the price in the long term.
❌ Challenges:
Continuous regulatory pressures from some international entities.
Heavy reliance on the performance of the Binance platform itself.
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🔮 Future predictions for BNB:
Range forecast
Short term (weeks) If $630 is successfully breached, we may see a rise to $670.
Medium term (months) If the overall market stabilizes, a target of $700 – $800 is expected.
Long term (2025–2026)
#BNB_Market_Update If Binance continues to expand, BNB may reach $1000 again.
