BNB Consolidates Between $636 and $646 as Market Volatility Decreases
The cryptocurrency market is currently impacted by global economic conditions, with BNB trading between $636 and $646.
Key observations include:
- BNB's price fluctuated within a narrow range of $9.67 (1.52%) over 24 hours.
- Higher lows formed since a dip at 13:00, establishing support around $638-$640.
- Resistance is noted near $643-$645, with volume spikes during recovery rallies.
- The closing price of $642.59 indicates a neutral-to-slightly-bullish bias.
- Decreasing volume volatility suggests potential energy buildup for a breakout.
- In the last hour, BNB rose from $641.21 to $643.09 (0.29% gain).
- Notable volume spikes occurred when BNB surpassed $642.60.
- A pullback to $640.57 established strong support with aggressive buying.
- Hourly close shows consolidation near the high, indicating possible uptrend continuation.
- Immediate resistance is at $643.25.