$BNB The price remains within a downward channel, and the recent rise towards $640 seems to be market manipulation. The lack of volume, combined with an RSI and stochastic in overbought conditions on the 1D, 4H, and 1H timeframes, suggests that this bullish trend is not sustainable.
-The low volume during this rise indicates a lack of conviction from buyers. For a genuine bullish breakout, we would need to see significantly higher volume.
-Both the RSI and the stochastic are hovering in overbought territory across all relevant timeframes, increasing the likelihood of a pullback in the short term.
From my point of view, sooner rather than later, we will see a drop towards the $600 zone. If the price is rejected by the channel resistance, this pullback could materialize in the coming days or weeks. A close below $620 would confirm this bearish scenario.
Trade from here, $BNB