🔥 $BNB BNB/USDT Analysis – Big Move Coming?
BNB is currently trading inside a downward channel. While lower highs usually signal weakness, signs of a possible reversal are emerging.
📊 What’s Happening:
🔻 Strong Sell-Off + Fake Breakout
BNB faced heavy selling but showed a fake breakout, trapping late shorts.
🟢 Double Bounce from $601 Support
Price bounced twice from the strong $601 zone, indicating buyers are defending aggressively.
🔴 Testing Key Resistance: $630–$645
BNB is now testing a critical level. This zone will decide the next directional move.
🚀 What to Expect:
✅ Bullish Scenario:
A breakout above the descending trendline could trigger a rally towards $655–$688.
❌ Bearish Scenario:
Failure to hold could drag price back down to $600 or lower.
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💡 Final Takeaway:
BNB is at a decision point. Watch for volume and breakout confirmation before entering trades. Big moves often come after such compressions.
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