$BNB is showing signs of recovery, but buyers still need to confirm bullish momentum.

According to the latest November 4 technical data, BNB is trading around $703–$705. The market has experienced selling pressure, but support around $691 is an important level for bulls.

Key technical levels
Indicator

Price

Current price reference

$703–$705

Support 1

$691

Support 2

$674

Resistance 1

$709

Resistance 2

$725

Major resistance

$760

COINOTAG
+1
Market outlook
Bullish scenario: A strong daily close above $709 could open the way toward $725 and $760.

Bearish scenario: Losing $691 could expose BNB to $674 and potentially $656.

Momentum: RSI is around 41, indicating weak momentum but not yet deeply oversold.

My view
BNB is currently in a recovery attempt, but I would avoid chasing a sudden green candle. A confirmed breakout above $725 would make the bullish case stronger.

Potential
upside
$725 → $760

Downside
risk
$691 → $674

Conclusion: Neutral to cautiously bullish. Watch $691 support and $725 resistance before making a trading decision.

This is market analysis, not financial advice. Prices are reference levels and can change quickly.
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