Short-term analysis $BNB shows that the price is in a consolidation zone with a moderate bullish bias, but high volatility persists.
BNB is trading in an ascending channel, approximately at the level of $671, indicating the retention of bullish momentum.
The main resistance zone is $675–701, a breakout signals a rise to $730+
Consolidation range
Range $647–690. A breakout upwards indicates potential growth, while a breakout downwards suggests a possible correction to $600 or below.
Short squeeze: a large number of short positions around $639–650 may lead to a rapid increase if support levels are maintained.
✅ Possible scenarios for the coming week:
Scenario Conditions Expected reaction
Growth Breakout above $675–701 Target — $730+, growth over $700
Decline Breakout below $647 Correction to $600–620
Sideways Bounce between $650–675 Strengthening consolidation in this range.
