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📉 A Look at the Current Situation for BNB
Current Price: around 692 USD, slightly up from the previous close.
Daily Range: between 681 and 692, showing a recovery towards the upper limits.
Weekly Performance: increased by almost 6%, indicating upward momentum.
Daily Trading Volume: ranges between $1.5 to $2 billion, indicating strong liquidity.
🔧 Technical Analysis
Moving Averages:
EMA50 and EMA200 on the weekly chart indicate a strong upward trend.
Momentum Indicators:
RSI is hovering in the neutral range (~50–65), which signals stable trading with the potential to continue the upward trend.
MACD is also in a neutral position with no signs of a clear reversal.
Market Stimuli and News
1. Institutional Context and Binance Initiatives
– Completion of the "Zero-Fee Carnival" event by July 31, which enhances usage and drives demand.
– BNB support from a treasury company linked to Binance is on its way to listing on a U.S. exchange, attracting institutional capital.
2. **Token Burn**
– The 32nd burn was conducted with 1.59 million tokens (~$1 billion), supporting the coin's scarcity and value.
3. Medium-Long Term Predictions
– Changelly: predicts between $1195 (2026) and $2499 (2028).
– CoinCodex: predicts it will reach ~$759–$842 between July and September 2025 with a return of up to 22%.
– Binance and CoinDCX: current technical analyses show strong support around EMA levels, with expected targets at $720–$760 before the end of the month.
🎯 Important Technical Points to Watch
Nearby Support: between $670–$680, potentially providing a buying attraction stop.
Nearby resistance: around $697–$700; breaking this area may open the door for a rise towards $720–$760.
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🗓 Today's Trading Plan
Trading Target Entry Point Stop Loss Take Profit
Buy on Dip $678–680 $670 $700–720
Breaking Resistance Above $700 $695 $740–760