BNB Technical Analysis] Bullish Reversal Incoming or Just a Dead Cat Bounce?

BNB recently bounced from the lower support zone near S3/S4 and is now testing key resistance levels. The price is still within a downtrend channel but attempting to break out.

Key Observations:

• BNB is approaching the pivot zone (581.70 USDT) with growing volume.

• It has broken through short-term resistance and is currently battling the Ichimoku Cloud — a crucial barrier.

• EMA/MA lines are converging, suggesting a potential breakout move is near.

Resistance Levels:

• R1: 620 USDT – Short-term resistance.

• R2: 640 USDT – Mid-range supply zone.

• R3: 667.80 USDT – Strong upper resistance.

Support Levels:

• Pivot: 581.70 USDT – Key decision area.

• S2: 550 USDT – First strong support.

• S4: 490 USDT – Major demand zone and final support base.

What’s Next?

• If BNB can hold above 611 and break 620, we may see a push toward 640-667.

• However, failure to maintain above 581 could bring another leg down toward 550 or even 490.

Are we seeing the start of a bullish reversal or just a temporary relief rally? Let me know your thoughts in the comments!

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