$BNB ๐๐ TECHNICAL BREAKDOWN: BNB Setting Up for a Major Move? ๐๐
(Trending now on Binance)
๐ฐ Current Price Zone: ~$620
๐ 24H Volume: $1B+
๐ฆ Market Cap: $80B+
The structure is getting interestingโฆ
๐ Market Structure Analysis
๐น Higher Lows Formation โ Bulls are defending dips aggressively.
๐น Strong Support Zone: $600โ$605 (previous demand area)
๐น Immediate Resistance: $645โ$660 range
๐น Psychological Level: $700 (major breakout trigger)
Price is compressing inside a tightening range โ this usually leads to volatility expansion.
๐ Indicator Signals
๐ RSI (4H): Neutral-Bullish (room for upside continuation)
๐ MACD: Momentum attempting bullish crossover
๐ Volume: Gradual increase on green candles (healthy accumulation)
๐ EMA 50/200: Price holding above key moving averages = bullish bias intact
As long as BNB stays above $600 support, bulls maintain control.
๐ฏ Potential Scenarios
๐ข Bullish Case:
Break above $660 โ momentum push toward $700โ$720
๐ด Bearish Case:
Loss of $600 support โ retrace toward $570 liquidity zone
Risk management is key. Smart traders wait for confirmation, not emotion.
โก Volatility compression + rising volume = breakout conditions forming.
Are we about to see expansion this week? ๐
Drop your bias below ๐
Bullish or Bearish?
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