Market Analysis 03.17.25 $BNB Entry into Trade

The BNB/USDT chart shows a growth of +3.50%, with the price reaching 629.10 USDT.

Key Observations:

1. The price has broken the upper boundary of the Bollinger Bands (627.65), which may indicate local overbought conditions.

2. The MACD is in positive territory (+1.76), but the histogram has begun to smooth, which may indicate a slowdown in growth.

3. RSI(6) – 77.33, RSI(12) – 71.06 (overbought, a correction may be possible).

4. Stochastic K (65.59) and D (55.82) are not yet in the overbought zone, but are approaching.

Possible Scenarios:

• Profit Taking: If there is a position, partial profit can be taken as the RSI signals a potential pullback.

• Correction: A pullback to the 600–615 USDT zone is possible, where support is located.

• Continuation of Growth: If the price consolidates above 630–635 USDT, the next target is 650 USDT.