Can BNB Break Through $644 and Challenge $745?
Recently, BNB has rebounded from the moving average, with market sentiment shifting from selling on highs to buying on lows, indicating a revival of bullish sentiment. So, can it break through $644 and challenge $745, or will it be suppressed by bears?
Bullish Target: Break through $644 and challenge $745
Once it stabilizes above $644, BNB will initiate a strong rebound, targeting $686, and if it breaks through, it is expected to further challenge $745.
The 20-day moving average ($616) is a key support level; holding this level would favor the bulls.
Risk of Bearish Counterattack
Falling below $616 could undermine the upward trend.
If it falls below $591 (38.2% Fibonacci retracement level), the short-term trend may weaken.
The 50% retracement level ($575) is a critical bottom line; losing this level would give an advantage to the bears.
Key Points:
Holding above $616 is bullish, while falling below $591 warrants caution for a pullback.
Currently, bulls are predominant in BNB; if it breaks through $644, the target is $686-$745. However, if it falls below $616, it may further pull back to the $591-$575 range.
