$BNB is trading around ~$615–$620, showing recent sideways to slightly bullish movement after a pullback from higher levels. �
• Short-term price action reflects oversold technical conditions, which often leads to bounce attempts toward $680–$700 resistance if buyers step in. �
Coinbase
MEXC
🔥 Technical Levels to Watch
Support: Major near $588–$615 zone — holding here keeps the consolidation intact. �
MEXC
Resistance: Near $680–$700 & above, breaking above could signal a trending recovery. �
MEXC
RSI: Recently in oversold territory, hinting at a possible rebound if selling pressure weakens. �
MEXC
📈 Market Context
• BNB has historically seen strong rallies after consolidation and key resistance breakouts; previous price action included all-time highs above $1,100, showing long-term upside potential when sentiment improves. �
• Broader crypto market volatility has also weighed on BNB recently, leading to tighter trading ranges. �
Cointelegraph
IG
