BNB saw a significant surge during the day, jumping from $576 to $628, an increase of almost 9% in 24 hours. This rapid rise raises questions about the sustainability of the uptrend and whether the coin can break the upcoming resistance levels. In this analysis, we will review the latest technical indicators and support and resistance levels to assess the current state of the market.

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. Technical reading of the market: Are the signals still positive?

🔹 Oscillators: Neutral signals with a positive slope.

Relative Strength Index (RSI 14): 69.51 (Neutral, close to overbought zone)

Stochastic %K: 74.01 (Neutral)

Momentum 10: 43.61 (Buy, Positive)

Moving Average Convergence/Divergence (MACD 12, 26): -0.31 (Buy, indicates strong uptrend)

💡 Summary: Most oscillators are neutral, which means the market is neither overbought nor oversold, but the presence of buy signals in the MACD and Momentum indicators enhances the possibility of a continuation of the uptrend in the short term.

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🔹 Moving Averages: Strong short-term buy signals

Exponential Moving Average (EMA 10): 590.15 (Buy)

Simple Moving Average (SMA 10): 586.73 (Buy)

Exponential Moving Average (EMA 50): 603.45 (Buy)

Volume Weighted Moving Average (VWMA 20): 586.96 (Buy)

Exponential Moving Average (EMA 200): 654.11 (Sell – Strong Long-Term Resistance)

💡 Summary: The overall trend in the short and medium term is bullish, with the price trading above most of the short-term moving averages. However, longer-term averages such as the 200 EMA and 200 SMA are still giving sell signals, which means that BNB could face strong resistance at higher levels.

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Support and Resistance Levels: Where Can the Price Go After a Rise?

First resistance at $671: This is the main barrier currently, and if the price can break above it, we may see a new upside wave towards higher levels.

Second resistance at $725: A break of this level will strengthen the uptrend and open the way for BNB to reach higher levels like $800.

Third resistance at $814: This is a strong resistance in the long term, and it may be difficult to overcome without strong buying momentum.

As for the support side:

First support at $582: A strong support level, maintaining which is necessary for the bullish continuation, and any break below it may lead to a bearish correction.

Second support at $546: If the decline continues, this level will be an important test of the strength of buyers.

Third support at $456: This is a distant support level, and reaching it could indicate a breakdown in the current uptrend.

🔹 The current price at $624 is located between the pivot point and the first resistance, which means that exceeding $671 could lead to further upside, while any decline below $582 could signal the beginning of a downward correction.

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. Can the rise continue? Short and medium term outlook

🔹 Short term (1-7 days):

As long as the price remains above $582, the uptrend remains intact (Possible)

Breaking $635 increases the possibility of reaching $671 soon.

🔹 In the medium term (2-4 weeks):

If it breaks $671, we may see a strong upward move towards $725.

Failure of the price to sustain the $600 level may lead to a correction towards $546.

🔹 Long term (one month or more):

If the price manages to break $725 and settle above it, it may open the door to reach $800+ levels.

However, if it falls below $546, BNB may enter a long correction phase.

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Summary of the analysis and final recommendation.

✅ Pros:

The price is rising at a strong pace and has gained 9% in one day.

Short-term and medium-term technical indicators support the continuation of the rise.

The $671 resistance is the biggest challenge currently, and if it is broken, there is a chance to reach $725.

⚠ Potential risks:

The market may face resistance at current levels leading to a temporary correction.

A break of $582 could weaken the bullish momentum and open the door for further downside.

Long-term moving averages are still giving cautious signals, which means price volatility is likely.

🔹 Recommendation:

Short-term investors: Look for buying opportunities above $600 with a stop loss of $582.

Medium-term investors: Wait for a break above $671 to confirm the continuation of the uptrend.

Day traders: Profit from rapid fluctuations between $582 and $635.

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💡 Final Conclusion: Is Now a Good Time to Invest in BNB?

🔹 Today's rapid rise reflects the strength of the bullish momentum, but reaching $671 will determine whether this rise will continue.

🔹 Investors should be wary of any short-term corrections, but the overall trend remains positive in the near and medium term.

🔹 A break of $725 will put BNB in ​​a long-term uptrend, while any decline below $582 could lead to a deeper correction.

🎯 If you are looking for an entry opportunity, keep a close eye on support and resistance levels, and don't forget to manage your risk wisely! $BNB #bnb