📊 BNB Trade Setup – BUY / SELL Signals:
June 6, 2025
Binance Coin (BNB) is the native cryptocurrency of the Binance ecosystem, launched in 2017. Initially used for trading fee discounts, BNB's utility has expanded to include participation in token sales, transaction fees on Binance Smart Chain, and more, making it integral to Binance's operations .forbes.comreddit.com
Exchange: Binance
Pair: BNB/USDT
Time Frame: 4H
Signal Type: Bullish Reversal
Leverage: 3x (moderate risk)
Entry Price: $645
Take Profits:
** TP1: $700
** TP2: $850
Stop Loss: $600reddit.com+3coinpedia.org+3pintu.co.id+3
📈 Technical Overview
RSI: ~59, indicating bullish momentum
50-Day SMA: $532.34
200-Day SMA: $531.80
Current Price: $644.92
BNB's price is above both the 50-day and 200-day simple moving averages, suggesting a bullish trend .
📅 Bull Run Outlook
Short-Term: BNB is projected to reach $690.22 in the coming month, reflecting a 20.99% increase .
Mid-Term: Analysts predict BNB could attain a high of $1,292 by the end of 2025, driven by Binance's ecosystem growth and token burns .
Long-Term: By 2030, BNB's price could range between $2,000 and $3,000, contingent on continued adoption and market conditions.
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