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bnbcontrol
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The coin broke through the main resistance level of $690 after exceeding $$BNB , and the uptrend continues.
* August 21 (Broke $690): According to HTX market data, the BNB coin surpassed the $690 level on that day, recording its highest at $692.15, an increase of more than 6% within 24 hours. Other data indicates its price reached $690.11, up by 6.08%.
* August 22 (Continuation of bullish momentum): BNB continued its strong performance, breaking through the $700 and $720 levels. The increase over 24 hours widened to 8.79%, and its market value rose to around $95.75 billion. At exactly 11:05 a.m. that day, it was trading at $712, with a total market cap of $97.203 billion.
This could be a crucial breakout. The $680 level was previously considered the main resistance level. After the rally accompanied by an increase in trading volume, analysts believe that if the price holds above this level, the next target could reach $700 or even $710.
However, risks should be considered: analyses indicate that the current Relative Strength Index (RSI) is extremely high at 95.34, pointing to a deeply oversold buying zone. In addition, this surge may be driven by short-covering (prices rose while open trading volume fell), which could weaken subsequent buying momentum.
#bnbtradind
#bnbcontrol
#BinanceSquareFamily
* August 21 (Broke $690): According to HTX market data, the BNB coin surpassed the $690 level on that day, recording its highest at $692.15, an increase of more than 6% within 24 hours. Other data indicates its price reached $690.11, up by 6.08%.
* August 22 (Continuation of bullish momentum): BNB continued its strong performance, breaking through the $700 and $720 levels. The increase over 24 hours widened to 8.79%, and its market value rose to around $95.75 billion. At exactly 11:05 a.m. that day, it was trading at $712, with a total market cap of $97.203 billion.
This could be a crucial breakout. The $680 level was previously considered the main resistance level. After the rally accompanied by an increase in trading volume, analysts believe that if the price holds above this level, the next target could reach $700 or even $710.
However, risks should be considered: analyses indicate that the current Relative Strength Index (RSI) is extremely high at 95.34, pointing to a deeply oversold buying zone. In addition, this surge may be driven by short-covering (prices rose while open trading volume fell), which could weaken subsequent buying momentum.
#bnbtradind
#bnbcontrol
#BinanceSquareFamily
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