$BNB /USDT Trading Strategy: Breakout or Pullback?
BNB/USDT is heating up on the 1-week chart! The current price sits at $661.48, testing the upper edge of its consolidation range between $550 and $700. After an epic run from $202.00 in November 2023 to a peak of $793.86 mid-2024, BNB corrected to $500 and has since been coiling up for its next big move. The latest green candlestick hints at bullish momentum, are we on the verge of a breakout?
Key Levels to Watch
Resistance: $693.24 is the immediate hurdle. A decisive break above could propel BNB toward its all-time high of $793.86.
Support: If the bulls lose steam, $552.03 is the first safety net, with stronger support at $432.83.
This setup screams breakout trading! If BNB powers through $693.24 with solid volume (currently at 92,751.34 BNB in 24H), it could be a ticket to new highs. On the flip side, rejection at resistance might send it tumbling back to test $552.03. Keep an eye on that 24H range ($656.77–$662.70) for early clues.What’s Your Play?Will BNB smash through resistance and chase $793.86, or are we in for a pullback? Drop your predictions, strategies, or wild guesses below, I want to hear it all! Let’s crack this chart together!
