Technical Analysis: BNB/USDC (BNB Spot) on the 2-Hour timeframe
Analysis of the BNB/USDC pair, which maintains its uptrend (+1.24%), trading firmly above the 7-period moving average (MA7) after reaching a recent high at 715.57 USDC.
Key market data:
Current price: 707.00 USDC (+1.24%).
24h high: 715.57 USDC.
24h low: 692.07 USDC.
24h volume (USDC): 11.74M USDC.
Technical levels and key indicators (2h):
Moving Averages:
MA(7): 706.66 USDC (dynamic and immediate short-term support).
MA(25): 700.66 USDC (medium-term technical support).
MA(99): 682.63 USDC (long-term structural support).
SuperTrend (10,3): Remains bullish (green), placing its defensive base at 692.60 USDC.
Reference points:
Local resistance: Top of the recent wick at 715.57 USDC.
Key defensive support: Floor of the impulse at 692.07 USDC.
Outlook:
BNB keeps a healthy structure and is rising on the 2-hour chart. After the impulse that took the price to mark a local high at 715.57 USDC, the asset pulled back to precisely support on the MA(7) at 706.66 USDC.
Currently, if buyers manage to keep the candle bodies above 706.66 USDC, a retest toward the 715.57 USDC resistance is projected. In case of a larger correction due to profit-taking, the first relevant support zone is found at the psychological level of 700.66 USDC (MA25), backed below by the bullish SuperTrend at 692.60 USDC.
(Disclaimer: Informational content structured for Binance Square. It does not constitute financial or investment advice. Always do your own research).
#BNB #BNBUSDC #Crypto #BinanceSquare #TechnicalAnalysis
Analysis of the BNB/USDC pair, which maintains its uptrend (+1.24%), trading firmly above the 7-period moving average (MA7) after reaching a recent high at 715.57 USDC.
Key market data:
Current price: 707.00 USDC (+1.24%).
24h high: 715.57 USDC.
24h low: 692.07 USDC.
24h volume (USDC): 11.74M USDC.
Technical levels and key indicators (2h):
Moving Averages:
MA(7): 706.66 USDC (dynamic and immediate short-term support).
MA(25): 700.66 USDC (medium-term technical support).
MA(99): 682.63 USDC (long-term structural support).
SuperTrend (10,3): Remains bullish (green), placing its defensive base at 692.60 USDC.
Reference points:
Local resistance: Top of the recent wick at 715.57 USDC.
Key defensive support: Floor of the impulse at 692.07 USDC.
Outlook:
BNB keeps a healthy structure and is rising on the 2-hour chart. After the impulse that took the price to mark a local high at 715.57 USDC, the asset pulled back to precisely support on the MA(7) at 706.66 USDC.
Currently, if buyers manage to keep the candle bodies above 706.66 USDC, a retest toward the 715.57 USDC resistance is projected. In case of a larger correction due to profit-taking, the first relevant support zone is found at the psychological level of 700.66 USDC (MA25), backed below by the bullish SuperTrend at 692.60 USDC.
(Disclaimer: Informational content structured for Binance Square. It does not constitute financial or investment advice. Always do your own research).
#BNB #BNBUSDC #Crypto #BinanceSquare #TechnicalAnalysis
