$BNB
Technical Analysis
The current price action shows BNB trading significantly below its 2025 highs, but finding a "floor" near the $600 psychological level.
Support & Resistance:
Immediate Support: $590 – $600. This is a critical zone; a break below this could lead to a deeper slide toward $580.
Strong Resistance: $626. Bulls need to reclaim this level to shift the narrative back to a potential rally toward $650.
Indicators:
RSI (Relative Strength Index): Currently hovering near oversold territory on shorter timeframes, suggesting that the selling pressure may be exhausting.
Moving Averages: The 50-day and 200-day averages are currently trending downward, indicating a bearish short-term trend despite a bullish weekly outlook.
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