What’s next for BNB after the recent correction?
Before writing this recommendation, I conducted a live research on Binance and recorded the BNB/USDT price today at 669.05 USDT.
1. Reasons for the correction
- Profit-taking from the 700 USDT level brought the price down to the 667–670 USDT range.
- A temporary decrease in trading volume to 950 million USDT during the last 24 hours.
2. Support and resistance levels
- The first support at 667.90 USDT (the lowest price today).
- The first resistance at 680.87 USDT (the highest price today), then 700 USDT as a major psychological barrier.
3. Recommendation
- Enter with a moderate amount upon retesting the support level (~670 USDT).
- Set a stop loss below 660 USDT to protect against sudden drops.
- Take partial profits at 680 USDT, and the remaining part at 700 USDT.
Will you add BNB to your portfolio now or wait for confirmation of the retest at support? Share your plan and strategy with us!