$BNB remains near 699.9: does it break 703.3 or fall to 680?
$BNB is trading at US$699.9, up a slight +0.25% over 24h. The day's range has been 691.7–703.3.
On the 4h chart, the EMA20 is at 704.1 and the EMA50 at 714.9, confirming the downtrend. The RSI14 at 43.1 indicates selling pressure but is not yet oversold. Key support is 691.7, followed by 680.0; resistance is 703.3, then 710.8.
Binance futures show funding at +0.0059% every 8h, and open interest fell 1.5% over 24h, even though 73% of accounts are long, with US$397 M at stake.
My take: as long as the price doesn't break 703.3, it remains trapped in a consolidation zone; a close above that level would point to 710.8. If it falls below 691.7, the next target would be 680. I wouldn't enter now; I'd wait for a bounce off support. $ZEC (+6.1%) and $XRP (+2.4%) are also moving.
Does it break 703.3 or return to 691.7? 🟢/🔴
#BNB #Binance
This is not financial advice. Do your own research before investing.
$BNB is trading at US$699.9, up a slight +0.25% over 24h. The day's range has been 691.7–703.3.
On the 4h chart, the EMA20 is at 704.1 and the EMA50 at 714.9, confirming the downtrend. The RSI14 at 43.1 indicates selling pressure but is not yet oversold. Key support is 691.7, followed by 680.0; resistance is 703.3, then 710.8.
Binance futures show funding at +0.0059% every 8h, and open interest fell 1.5% over 24h, even though 73% of accounts are long, with US$397 M at stake.
My take: as long as the price doesn't break 703.3, it remains trapped in a consolidation zone; a close above that level would point to 710.8. If it falls below 691.7, the next target would be 680. I wouldn't enter now; I'd wait for a bounce off support. $ZEC (+6.1%) and $XRP (+2.4%) are also moving.
Does it break 703.3 or return to 691.7? 🟢/🔴
#BNB #Binance
This is not financial advice. Do your own research before investing.
