BNB is showing early signs of recovery after a sustained downtrend. Currently trading at $754.89 (+2.24% in the last 24h), the price has bounced from a recent low of $730.01 and is attempting to reclaim key resistance levels.
📊 Key Technical Levels:
Support: $747 – $738
Resistance: $765 – $777
24h High/Low: $759.01 / $738.35
Moving Averages: MA(7) at $749.73, MA(25) at $765.53, and MA(99) at $777.39.
🔍 Market Outlook:
The recovery rally is supported by increasing green candles and a crossover between shorter-term moving averages, hinting at short-term bullish momentum. However, breaking above $765 is crucial for BNB to target the $777–$794 zone.
💡 Traders’ Takeaway:
A sustained move above $765 could open the path to $800+ in the short term.
Watch for volume confirmation before entering new long positions.
Immediate support at $747 — a break below may invite further selling pressure.
BNB’s rebound is promising, but traders should stay cautious and apply proper risk management.
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