Weekly Update – BNB/USDT (1W)
Current Price: $644.92
Market Bias: Neutral with slight bullish inclination
Objective: Monitor possible bottom formation and buying zone
Technical Summary:
MA(7): 616.31 | MA(25): 640.01 | MA(99): 481.04
The price is above MA(7) and has returned above MA(25), showing possible recovery after the correction.
RSI(6): 59.96 — Healthy region, no overbought.
Strong rejection from the $530 region, which may have marked a significant bottom on the weekly.
Stable volume, but still without significant buying strength.
Possible Scenario:
BNB formed a bottom above the Golden Line (MA99 - $481) and is showing technical recovery, but still needs to break the $660–$680 zone with volume to confirm a resumption of the uptrend.
Areas of Interest:
Safe Spot Buy: Any pullback to the region between $590–$615, with a stop below $570.
Golden Line (MA99): $481 — strategic long-term support. If there is a deeper correction, it could be an excellent accumulation point.
Conclusion:
BNB shows signs of recovery after the weekly bottom. It is not yet 100% bullish, but the bias is changing. Waiting for a breakout with strength at $680 may confirm a new up leg. MA99 remains the strongest support on the macro.
Disclaimer (EN):
This content is for educational purposes only and does not constitute investment advice. Cryptocurrencies are volatile assets. Always conduct your own analysis and use risk management.
