$BNB just stopped falling. Is $700 the next test? 🔥
$BNB swung from roughly $678 to $722 on the 4H, with a sharp rejection candle in the middle. Price has since compressed into a tight range near $695, and the last 24h stayed between $686.51 and $699.51.
Current Market Momentum
Momentum is neutral to slightly weak. BNB is trading at $695.70, right at the MA(7) at $696.00 and below the MA(25) at $700.62 and the MA(99) at $706.83. Volume is fading on the recent candles, so this is consolidation, not a trend.
Profit Booking Zone
$700 to $707 is where the MA(25) and MA(99) stack up. If BNB gets there, that's a logical area to take partial profits.
Next Targets
🎯 TP1: $700.60 (MA25 reclaim)
🎯 TP2: $706.80 (MA99)
🎯 TP3: $720 (recent swing high)
TPs only matter if BNB first closes a 4H candle above $700.
Key Support Zone
$686.50 is the 24h low and the first support. A 4H close below it opens a retest of the $678 area.
Resistance Rejection / Pullback Warning
⚠️ If BNB hits $700 to $707 and gets rejected with weak volume, expect a pullback toward $686. Don't chase green candles under the MAs.
Question for you: Does BNB reclaim $700 first, or lose $686 first? 👇
#Write2Earn!
$BNB swung from roughly $678 to $722 on the 4H, with a sharp rejection candle in the middle. Price has since compressed into a tight range near $695, and the last 24h stayed between $686.51 and $699.51.
Current Market Momentum
Momentum is neutral to slightly weak. BNB is trading at $695.70, right at the MA(7) at $696.00 and below the MA(25) at $700.62 and the MA(99) at $706.83. Volume is fading on the recent candles, so this is consolidation, not a trend.
Profit Booking Zone
$700 to $707 is where the MA(25) and MA(99) stack up. If BNB gets there, that's a logical area to take partial profits.
Next Targets
🎯 TP1: $700.60 (MA25 reclaim)
🎯 TP2: $706.80 (MA99)
🎯 TP3: $720 (recent swing high)
TPs only matter if BNB first closes a 4H candle above $700.
Key Support Zone
$686.50 is the 24h low and the first support. A 4H close below it opens a retest of the $678 area.
Resistance Rejection / Pullback Warning
⚠️ If BNB hits $700 to $707 and gets rejected with weak volume, expect a pullback toward $686. Don't chase green candles under the MAs.
Question for you: Does BNB reclaim $700 first, or lose $686 first? 👇
#Write2Earn!
