An image displaying a technical analysis for the BNB/USDT pair on the Binance platform with a 1-minute time frame, featuring the Exponential Moving Averages (EMAs).

📊 Technical summary and analysis:

1. Current price:

🔹 718.64 USDT (+3.66%)

🔺 This reflects a significant rise after a temporary decline.

2. Visible moving averages:

EMA 50 (Yellow): 717.87

EMA 150 (Purple): 717.56

EMA 200 (Purple): 717.42

🔍 The price is now above all three moving averages, indicating the start of positive momentum in the short term.

3. Recent candles:

A strong decline was followed immediately by a sharp rebound with a strong green candle that broke through all three moving averages.

The previous support was at 715.13 and was well respected, providing momentum for buyers.

4. High and low in the last 24 hours:

🔼 High: 723.47

🔽 Low: 691.00

➕ This range shows clear volatility, with a current tendency for upward rebound.

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✅ Positive signals:

The price broke through the three moving averages upwards.

A strong green candle reflects liquidity entering the market.

The price is close to resistance at 719.60 and if broken, we may see an upward move towards 723 then 730.

⚠️ Potential negative signals:

Nearby resistance at 719.60.

If the price fails to hold above 717.5 (moving averages crossover), it may return to test 715.

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📌 Conclusion and technical recommendation:

Current trend: Short-term bullish as long as it stays above 717.

Entry opportunity: In case of confirming the breakout of 719.60 with good trading volume.

Potential stop loss: Below 715.00.

First target: 723