The BNBUSDT Perpetual Futures contract is currently trading at $661.29, showing a +1.61% increase in the last session. The mark price is slightly lower at $661.20, indicating a fairly stable market. Within the last 24 hours, the price peaked at $693.55 and dipped to a low of $647.13. The 24-hour trading volume has reached 1.47 million BNB, equivalent to around $986.86 million USDT.
Technically, BNB is hovering around its 7-period moving average (MA7: $661.27) and just below the 25-period MA (MA25: $663.62), while remaining well above the 99-period MA (MA99: $652.71), which could act as strong support. The price recently rebounded from the lower support level and is attempting to stabilize after facing resistance at the recent high.
The Relative Strength Index (RSI) is currently at 42.50, signaling mild bearish momentum with room for upward movement if buying pressure increases. Volume has seen spikes, particularly during the recent upward trend, but has since tapered off, indicating consolidation.
In summary, the BNBUSDT perpetual futures market is in a short-term recovery phase after a pullback from the high of $693.55. Key levels to watch include support around $652 and resistance near $673. A break above this resistance could signal a bullish continuation, while a failure may suggest sideways or downward consolidation.