$BNB Ready to Bounce or Heading Lower? 📉🚀
After a significant drop, BNB is currently testing a vital demand zone around $619–$624. The overall structure on the 4H and Daily charts remains fragile, but we are seeing signs of a potential short-term reversal.
Key Levels to Watch Today:
• Crucial Support: If buyers can defend the $600 - $610 zone, we could see a relief rally.
• Immediate Resistance: A break above $630 is needed to confirm any bullish momentum.
• The Trend: While the 200-day moving average is sloping down, indicating a weak long-term trend, a bullish divergence on the RSI suggests a possible bounce is nearby.
Bottom Line: Watch for a successful reclaim of the $630 level. If $600 fails to hold, expect further consolidation or a deeper dip toward $560
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