$BNB /USDT TECHNICAL ANALYSIS – KEY SUPPORT TESTED!
$BNB /USDT is currently trading at $624.14, showing a +3.85% increase. However, price action has recently tested $622.58, a key support zone, after facing rejection near $639.87.
Market Outlook:
Support: $622.50 remains a critical level; if it breaks, expect a drop toward $617-$615.
Resistance: Immediate resistance is at $629.50, followed by $636-$640 if bulls regain strength.
Trend: The recent dip signals weak momentum; a consolidation phase might follow before the next move.
🔸 Breakout Scenario: If $BNB pushes above $629, expect a move toward $635+ with stronger bullish momentum.
🔻 Breakdown Scenario: Losing $622 could trigger a sharper sell-off toward $615 or lower.
Pro Tip: Monitor volume; a rise in buy volume near support could indicate a potential reversal.