$BNB /USDT – Minor Pullback, Strong Base Near $630! Eyeing a Bounce?
BNB is currently trading at $636.66 (-1.34%), consolidating after hitting a 24h high of $655.19 and holding above its 24h low of $633.51. With 247K BNB traded (~$159M USDT), market activity remains robust.
Momentum Analysis:
BNB has pulled back slightly but is still holding the critical mid-range support. The price sits above the major bid wall near $633–$637, with sell-side liquidity thin until $646–$651, indicating a likely reattempt at higher levels if buying resumes.
Long Setup (Dip Buy Play):
Entry Zone: $633.50–$638.00
Targets: T1 $646.73 / T2 $651.50 / T3 $656.28
Stop Loss: $628.00
Breakout Confirmation: A 4H candle close above $651.50 with >$200M daily volume
Key Support: $632.42 – Trendline + short-term support from recent wick low
Pro Tip: BNB often leads the broader altcoin market. Watch Bitcoin and ETH's movement closely—if they rebound, BNB may front-run alt recovery toward $660+.