Today we are going to break down the BNB/USDC chart to better understand its recent performance and project its possible trajectory in the coming days and months.
🔍 **Current Chart Summary:**
- **Current Price:** 534.2 USDC
- **Recent Trend:** The price is showing a clear recovery from the low of 400 USDC, with a series of higher highs and higher lows.
- **MACD:** Positive divergence signals, suggesting that bullish momentum may be gaining strength.
- **Supports and Resistances:**
- **Key Support:** 526.2 USDC and 502.9 USDC
- **Key Resistance:** 540.5 USDC and 625.0 USDC
- **Volume:** Significant volume over the past 24 hours indicates high trading interest.
📈 **Price Projection:**
- **Short Term (1 Day):** We expect the price to range between 526 and 540 USDC, with the possibility of breaking through the resistance if the MACD continues to confirm the positive momentum.
- **Medium Term (1 Month):** If the trend continues, we could see a move towards 625 USDC. In case of correction, the price could retrace towards 500-520 USDC.
- **Medium Term (2 Months):** Possible advance towards 700 USDC if the bullish momentum continues. Otherwise, consolidation in the range of 500-600 USDC.
- **Long Term (3 Months):** In the long term, the price could settle in a new range between 700-750 USDC, with prolonged consolidation if a strong push is not given.
💡 **Conclusions and Strategy:**
- **Short Term:** Trade with a bullish bias as long as support at 526 USDC holds.
- **Medium Term:** Consider increasing exposure if the break of the resistance at 540.5 USDC is confirmed.
- **Long Term:** Buying strategy on setbacks towards 500-520 USDC to take advantage of possible increases towards 700-750 USDC in the next three months.
Remember that the cryptocurrency market is very volatile! Keep your strategy flexible and adjust your positions according to market developments. 🚀
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