$BNB exhibits consolidation after a strong rally, now facing a critical test. On the 24-hour chart, key resistance is firm at $610**. A decisive breakout above this level with significant volume could propel $BNB
BNB
893.75
+1.21%
toward the next target of **$625.
However, momentum shows signs of fatigue. The price is currently testing the immediate support trendline near $595**. A break below this could trigger a deeper retracement toward the stronger support zone at **$580, which aligns with the 20-period moving average and a previous consolidation area.
The RSI is hovering around 55, indicating neither overbought nor oversold conditions, allowing room for a move in either direction.
The next 24 hours are pivotal. Watch for a close above $610** for a bullish continuation or a break below **$595 to signal a short-term bearish shift toward $580.
Key Levels:
· Resistance: $610, $625
· Support: $595, $580
· Bias: Neutral, awaiting a break of the $595-$610 range.
