📊 Market Analysis: Is BNB heading to $750? 🚀
As of May 21, 2025, Binance Coin (BNB) is trading around $657.71 USD, showing a slight intraday recovery.
🔍 Key factors to consider:
• Breakout of bullish pattern: BNB has surpassed a bullish flag, suggesting momentum towards higher levels.
• Golden cross in moving averages: The 50-day and 200-day moving averages have formed a golden cross, indicating a sustained bullish trend.
• Support and resistance: Key support is at $628 USD, while immediate resistance is at $670 USD.
📈 Short-term prediction:
If BNB manages to stay above $650 USD, we could see a move towards $670 – $700 USD in the coming weeks. However, a drop below $628 USD could drive the price towards support at $610 USD.
💬 What do you think? Are we facing a consolidation before a new bullish rally or is a deeper correction on the horizon?
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