$BNB
Here is **technical analysis** for Binance Coin (BNB) as of April 22, 2025:
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š **Technical Analysis BNB**
- **Current Price**: BNB is trading around **$606.15**, with intraday fluctuations between **$595.21** and **$606.77**.
- **Chart Pattern**: An **inverse head and shoulders** pattern is visible, indicating a potential bullish trend reversal.
- **RSI Indicator**: RSI reached **72**, indicating **overbought** conditions and potential price correction.
- **MACD**: A **bullish crossover** occurred, signaling strong upward momentum.
- **Support Level**: The main support is at **$575**, which has been tested several times and successfully held back price declines.
- **Resistance Level**: The nearest resistance is at **$600**, with potential upward movement towards **$650** if this level is breached.
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### š **Price Projections**
- **Short-term Projection**: BNB is expected to reach **$645** if the bullish pattern continues to develop.
- **Long-term Projection**: Some analysts predict BNB could reach **$773.14** by the year 2030.
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### ā ļø **Risks**
Despite the potential for increases, the overbought condition on the RSI indicates a likelihood of price correction in the near term.