BNB is trying to hold its ground around $654 after breaking through its local resistance. Following the recent pump, the chart shows some sideways movement, which is crucial for the next big move.
If the volume continues to support, we could see a further bounce upward from here. However, if it fails to hold this level, a retest lower is highly possible. For now, avoid rushing into entries and keep a close eye on the candle closing.
What do you think is the next target? Let me know in the comments.
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