📊 BNB 0731 Early 9 AM Market Summary
•Latest Price: Approximately 796 USD, unchanged or slightly down about 0.2% from yesterday; the closing price yesterday was 805 USD.
•Intraday Fluctuation: Lowest at 791.60 USD, highest approximately 797.10 USD, oscillating in the range of 791 to 797 USD.
Technical Indicators
•Daily MACD continues to maintain a golden cross trend, indicating a persistent buying atmosphere.
•RSI is around 60, lower than yesterday's high, showing momentum is still strong but not overheated.
•Bollinger Bands are slightly converging, indicating the market is entering a consolidation phase.
Support and Resistance Levels
•Support Level: Approximately 791 to 792 USD (near previous low and middle band), if broken, secondary support is seen in the 760 to 780 USD range.
•Resistance Area: Approximately 797 to 800 USD, if effectively broken, the target is 820 to 880 USD.
Future Outlook Reference
•CoinCodex short-term price forecast shows a target of about 786 USD on July 31, potentially rising to 794 to 803 USD in early August.
•Mid-term widely predicts that BNB is expected to fluctuate in the range of 740 USD to 1,192 USD throughout 2025, with an average price of about 951 USD.
📝 Brief Comment in One Sentence:
BNB is oscillating in the range of 791 to 797 USD this morning, structurally bullish but with limited incremental movement; if it holds the support, it is expected to brew the next wave of upward movement.
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