๐งญ Binance Coin (BNB) $BNB
โ Crypto Pullback Overview
๐ Price & Momentum Signals
Price currently near ~$649, slightly up intraday but well off the recent $667โ$670 highs .
Technicians flagged overbought RSI levels (~90 at recent peaks), touching upper Bollinger bandsโa classic sign of short-term exhaustion .
๐ Pullback Characteristics $BNB
Retracement from the ~$667 high, now testing support around $656โ$650 .
Volume and open interest have declined after the rallyโsuggesting fewer buyers fueling the price .
A sharp 7% pullback from earlier highs appears more like a healthy correction than a trend reversal .
๐ก๏ธ Support & Resistance Zones
Support: $650โ$656 (short-term), with deeper floors at $637โ$644 based on EMA/MA analysis .
Resistance: Upper Bollinger band (~$667โ$668), MAโ200 near $670, and psychological level at $700 .
๐ Outlook & Strategy
Technicals still lean bullish: golden cross on shorter EMAs, rising ADX and Awesome Oscillator .
A potential rebound could target the $670โ$700 zone; a deeper drop past $644โ$637 may test broader bearish territory .
Traders may watch for bullish setups near support ($650โ$656) with stop-losses just below and targets near $670โ$700 .
โ Trading Tips
For BNB:$BNB
Watch support at $650โ$656.
A bounce near these levels with increasing volume could favor another leg higher.
Stop-loss just below $650; targets: $670โ$700.
For SQ:
Observe the 50โday MA (~$85) as a pivot.
If supported, consider adding; if broken, reassess risk/reward.
Upside target zone: $90โ$95+, depending on sector momentum.