BNB Trading Signals – (4H & Daily Charts)
Current Price: ~$592 (as of April 30, 2025)
Technical Signals:
Bullish Signals (Long):
• Support: $575 – strong bounce zone
• Breakout Level: $610 – if broken with volume, BNB could rally to $645
• RSI: Currently neutral (~52), with upside potential
• MACD: Bullish crossover forming on 4H
• Trend: Holding above 200 EMA on daily – long-term bullish
Bearish Signals (Short/Watch out):
• Resistance: $610 and $645
• Breakdown Level: $572 – below this, next support is $540
• Volume: Declining volume could signal weakness if price consolidates below $590
Trade Idea:
• Long Entry: $585–590
• Target 1: $610
• Target 2: $645
• Stop-loss: $570
• Short Entry: Only if BNB breaks below $572 with strong volume
• Target: $540
• Stop-loss: $585