$BNB
/USDT Daily Chart Analysis 📊
BNB is currently trading around $609 after a sharp corrective move. The market structure remains under pressure as price is still trading below key moving averages.
Technical Overview
Price is below MA(7) ≈ $616
Major resistance stands at MA(25) ≈ $690
The chart is forming lower highs, indicating weak short-term momentum
Current phase appears to be consolidation after a strong sell-off
Key Levels
Support Zones:
$596 (recent 24H low area)
$580 psychological support
Resistance Zones:
$616 (short-term dynamic resistance)
$650 minor supply zone
$690 major resistance (trend shift level)
Possible Scenarios
If BNB holds above the $596 support, a short-term bounce toward $616–$650 is possible.
A stronger bullish shift would require a daily close above $690.
If $596 fails to hold, further downside pressure may develop.
Momentum is stabilizing, but full bullish confirmation is not yet present.
Not financial advice.