$BNB BNB Has been testing key levels, with resistance around $637-$650 and support near $620. On the 4-hour chart, a potential bullish reversal is hinted at through patterns like an ascending triangle and a MACD crossover indicating upward momentum. However, the price has struggled to break through the $637 resistance, showing rejection at this level earlier today, as noted in posts on X. This suggests that while buying pressure exists, sellers are still active at higher levels.

The Relative Strength Index (RSI) is likely in a neutral-to-overbought range (possibly around 50-70), based on recent commentary indicating neither extreme selling nor buying pressure. The MACD, showing bullish momentum on shorter timeframes, supports a potential move toward $650 if volume increases. However, volume analysis from X posts indicates that spikes have accompanied downward moves recently, hinting at bearish sentiment that could cap gains unless a strong breakout occurs.

Key levels to watch:

Support: Around $620, with a stronger base near $600 if selling pressure intensifies.

Resistance: $637-$640, with a break above potentially targeting $650 or higher.

Trend: Consolidation with a slight bullish bias, pending confirmation of a breakout.

The broader market context also matters—Bitcoin’s performance and regulatory news around Binance could influence BNB’s direction. Given the date, any fresh Binance-related announcements (e.g., listings or staking updates) today could act as a catalyst.