The cryptocurrency market continues to navigate in complex global economic conditions, because BNB is negotiated in a tight consolidation range between $ 636 and $ 646, depending on the Technical Analysis Data model of Coindesk Research.
The price of the token prices shows resilience in the midst of international disputes, with higher stockings for recent drops while the resistance remains firm in the area from $ 643 to $ 645.
The decrease in volume volatility suggests an accumulation of energy for potential break, although management remains uncertain because traders closely monitor technical models and macroeconomic developments affecting the feeling of the market.
Strengths of technical analysis
- BNB exchanged in a narrow range of $ 9.67 (1.52%) between $ 636.25 and $ 645.92 over 24 hours.
- The price has formed a higher series of lows since the drop of 1:00 p.m., establishing support of around $ 638 to $ 640.
- The resistance emerged nearly $ 643 at $ 645 with significant volume tips during recovery gatherings.
- The fence price of $ 642.59 suggests a neutral straightener because BNB maintains the position above the mid-range.
- The decrease in volume volatility indicates an accumulation of potential energy for a more decisive movement.
- During the last hour, BNB showed an upward momentum, going from $ 641.21 to $ 643.09 (gain of 0.29%).
- Significant volume tips occurred during ascending movements at 01: 54-01: 55 when the BNB broke out above $ 642.60.
- A brief decline at $ 640.57 at 01:32 has established a solid support area with aggressive purchases.
- The hourly closure has shown consolidation near the summit, suggesting a potential continuation of upward trend.
- Immediate resistance is $ 643.25.
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