Analysis of the current candle of $BNB #BNBBreaksATH BNB/USDC
In the hourly chart of BNB/USDC, a significant candle is observed that reflects a price of $769.88, showing an increase of 1.11% in the last hour. Over the last 24 hours, the trading range of the pair has been between a minimum of $752.48 and a maximum of $786.00, indicating moderate volatility.
This candle, with a green body, indicates that buyers have regained control after a period of correction. The price remains above the 7-period moving average (MA7: 765.13) and is near the MA25 (770.35), which could signal an attempt to change the trend upward. Additionally, the volume recorded in the last 24 hours exceeds 53,000 $BNB BNB, reinforcing the idea of renewed interest in the asset.
The order book indicator shows a demand of 64.66% against a supply of 35.34%, creating additional buying pressure. If the momentum holds, the price could attempt to approach the recent maximum of $786 again. However, it is crucial to monitor the support zone around $765, as a break below could return the market to the bearish phase.