$BNB stabilizes above $620 – Is the path clear towards 1.618 extension?
1. Yesterday’s Recap – August 8, 2025
1H timeframe:
Yesterday, BNB traded in the $615 – $625 range, holding above the key $612 support level. RSI hovered around 53–55, while MACD was slightly positive, indicating a moderate upward trend. Hourly trading volume was low, reflecting a temporary balance between buyers and sellers.
4H timeframe:
On the 4-hour chart, the price remained above $612 support (Fibonacci 38.2% of the last impulse). RSI stayed around 60, and MACD maintained its buy signal. Volume during the test of the $625 resistance was slightly higher, suggesting buyer activity at this zone.
Fibonacci levels (600 → 630 USD):
38.2% – $612 (local support)
50% – $615 (equilibrium zone)
61.8% – $618 (deeper support)
1.618 extension – $645 (breakout target)
2. Current Market Situation – August 9, 2025
1H timeframe:
BNB is currently trading around $623, still below the local resistance at $625. RSI has climbed to 58, while MACD remains positive. Hourly volume is moderate, with a slight increase near resistance, suggesting potential breakout pressure.
4H timeframe:
BNB continues to hold above $618 and is approaching the $625 resistance. RSI is at 63, and MACD still favors the bullish side. Volume on this timeframe is stable, indicating the market is awaiting a breakout trigger.
3. Market Outlook
Bullish scenario: A breakout above $625 with rising volume could pave the way towards $645 (Fibonacci 1.618).
Bearish scenario: A drop below $618 may lead to a test of $615 or even $612.
4. $BNB LONG Setup
Entry: $626
Stop Loss: $618
TP1: $632 (local resistance)
TP2: $640 (before 1.618 ext)
TP3: $645 (Fibonacci 1.618)
5. $BNB SHORT Setup
Entry: < $618
Stop Loss: $625
TP1: $615 (Fibonacci 50%)
TP2: $612 (Fibonacci 38.2%)
TP3: $605 (lower support from previous consolidation)
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