$BNB Bullish Scenario 📈
BNB is riding an impressive 18.78% surge, touching a high of $774.69 with strong volume support. Key bullish indicators:
Golden Cross: The 7-day Moving Average ($681.76) is trending far above the 25-day ($643.49) and 99-day ($585.90) MAs, signaling a robust upward trend.
Volume Spike: Substantial volume at 1.54B USDT hints at sustained buyer interest, showing a potential push toward the psychological level of $800.
Bullish Continuation: Strong green candles with minor pullbacks signal confidence among buyers.
Bullish Target Levels:
Immediate resistance at $789.86.
Breakout above could push BNB towards $850-$900.
Bearish Scenario 📉
While bulls dominate, caution is necessary due to the following:
Overbought Signal: The rapid price increase might lead to profit-taking, triggering a pullback.
Support Test at $678: A failure to hold this level could see BNB retrace to the $650-$620 zone, where the 25-day MA could act as a safety net.
Bearish Divergence Risk: Watch for weakening momentum indicators or sudden spikes in selling volume.
Bearish Levels to Watch:
$678, then $567.37 (99-day MA).
#BNB #Binance #CryptoTrading #BNBAnalysis #SQRDigital #CryptoSignals #BullishTrend #BearishReversal #CryptoInvesting