BNB

Technical Analysis – 4-Hour Frame

1. General Trend

After breaking the descending channel/wedge, BNB is on a medium upward trajectory. Momentum indicates an attempt at a strong bullish wave (Wave (V) potential).

2. Support and Resistance

Strong Support: Range

$640–$694, with the EMA200 moving average at ~$655 as a vital pivot point.

Upcoming Resistance: Starting at $695, followed by levels around $700 - $715, then the range of $730 - $7500 if the current resistance is broken.

3. Technical Indicators

RSI: Neutral, swinging between 75 - 80, indicating bullish strength.

MACD: Indicated positive crossovers after the break — supporting the upward momentum.

Moving Averages: EMA200 acts as dynamic support; smaller averages are holding above it, reinforcing a bullish outlook.