$BNB

BNB
BNB
773.66
+1.50%

Price Prediction for BNB: 631.58 - 650.35 USD

I predict that the price of BNB will be in the range of 631.58 - 650.35 USD in the near future based on the following technical analysis:

🔹 Fibonacci Retracement:

This range is between the 0.618 - 0.718 Fibonacci retracement levels, which often serve as strong areas for the price to react, either as resistance or reversal points.

🔹 Supply Zone (Resistance Area):

The price has entered a supply zone that previously acted as a selling pressure point. If there is no strong momentum to break out, it is highly likely that the price will experience rejection in this zone.

🔹 Market Dynamics:

If the price successfully breaks through 650.35 USD with a substantial volume, there is a possibility of a continuation of the bullish trend. However, if it fails to surpass this area, there is potential for the price to correct back to the support level below.

Conclusion:

I estimate that the price of BNB will reach 631.58 - 650.35 USD, but the reaction in this zone will determine whether the price will experience a breakout or correct back.

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