After dropping to $601, BNB bounced back with strength and is now testing the $662 region with a well-defined bullish structure.
š [Daily Chart ā BNB/USDT]
⢠Current price: $662.17 (-0.22%)
⢠RSI(6): 66.35 ā high-neutral zone, but not yet overbought
⢠Volume: slightly decreasing, but no aggressive exit
⢠EMAs:
āāŖ EMA7: $653.98 ā
(price above)
āāŖ EMA25: $649.79 ā
(solid support)
āāŖ EMA99: $640.02 ā
(clean breakout with full candle)
BNB has broken above all key short- and mid-term EMAs with conviction ā now hovering near the local top at $674.
If it breaks with strong momentum and rising volume, the $700ā$715 zone comes back into play.
š Key levels to watch:
⢠Immediate resistance: $674.80
⢠Technical support: $640 (EMA99) and $649 (EMA25)
š¢ Strategy outlook:
ā For DCA-minded investors, the EMA99 breakout shifts the trend to structural bullishness
ā Partial entries above EMA25 can target a move above local highs
ā If the move fails, $640 remains a valid pullback area
āļø Technical summary:
āļø Reversal structure validated
āļø All major EMAs reclaimed
ā ļø RSI high, but still with room to move
šø Wait for volume confirmation to avoid premature entries
ā³ Those who accumulated between $600ā$630 are now seeing payoff
Disclaimer: This is an educational market analysis. Always do your own research before investing.
$BNB #BNBupdate #CryptoReading #BreakoutSetup #TechnicalView #Write2Earn