⚠️ BNB Update: Testing the Safety Net at $645! 📉
The market is keeping us on our toes. After failing to hold the $667 level, BNB has dropped to test the $645 support zone. This is a critical moment for the bulls—this level must hold to keep the macro uptrend alive.
While short-term momentum has shifted bearish, we are entering the territory where buyers historically step in. The 1-hour RSI is heading back toward oversold, so I am watching for signs of exhaustion.
Key Watchlist:
• Support: $645 (Current test) / $630 (Major Floor)
• Resistance: $660 (New ceiling to reclaim)
• Strategy: I am staying patient. No need to catch a falling knife—waiting for a clear bounce and volume spike before the next move.
Are we heading to $630 or is this the ultimate bear trap? Let’s see how the next 4-hour candle closes.
Click on chart to trade
I am not a financial advisor, so please ensure you do your own research before entering any positions.