BNB/USDT
1. Price trend:
• Current: The price is at 726.83 USDT, slightly up +0.94% compared to the previous period.
• In the last 24 hours, the highest price was 737.37 USDT, the lowest was 712.24 USDT.
• The price is bouncing from the support zone near 712 USDT and has not yet surpassed the short-term resistance around 737 USDT.
2. Moving Averages (MA):
• MA(7): 723.25 is above MA(25): 719.03 and MA(99): 710.29.
• This indicates that the short-term trend is rising, but it has not clearly broken out as the distance between the MA lines is still quite close.
3. Trading Volume:
• Trading volume has increased significantly in recent sessions, especially in the last green candle.
• This is a positive signal indicating that buying pressure is dominating selling pressure in the short term.
4. RSI Indicator:
• RSI(6): 59.53, RSI(12): 56.46, and RSI(24): 54.00.
• RSI is all below the 70 threshold, indicating that the price is not overbought and still has room to increase.
5. MACD:
• DIF: 3.15 is higher than DEA: 2.20 with MACD: 0.95.
• MACD is in the positive zone, and the signal line (DIF) is crossing above the MACD line, giving a bullish signal.
Conclusion:
• Short-term trend: Slightly up, but needs to break through the resistance level of 737 USDT to confirm stronger upward momentum.
• Key support: 712 USDT.
• Short-term resistance: 737 USDT.
• If the price maintains above MA(7) and trading volume continues to increase, the price may test the level of 750 USDT in the upcoming sessions.
