🚀 BNB Heads Towards Critical Resistance – Are We Seeing a Breakout Soon?
The current price of BNB is $645.17, after a strong rebound from the support level at $633. The coin shows positive momentum with an increase in trading volume, indicating growing interest from investors.
🔍 Quick Technical Analysis:
60-Day Moving Average (MA60): The price is trading above this average at $651.49, supporting the bullish trend.
Current Resistance: Located at $653.75. A breakout of this level could push the price towards $660 or higher.
Strong Support: At $633. A break of this level could lead to a decline towards $620.
📈 Expectation in the Coming Hours:
If the price remains above $651.49 and breaks the resistance at $653.75, we may see an ascent towards $660 or more.
However, if the support at $633 is broken, the price could decline towards $620 before any attempt to bounce back again.
💡 Trader's Tip: Keep a close eye on the $653.75 area, as it will be key to the upcoming movement. Using stop-loss orders and managing risks is essential at this stage.
Are you ready for BNB's move? Share your predictions in the comments!
