BNB Resumes Uptrend After Recent Pullback and Increased Buying Pressure
BNB is regaining bullish momentum after a brief pullback, finding support near the $605 level. Key developments include:
- Increasing buying pressure indicates potential for further gains.
- Resistance levels at $680 and $725 are crucial for continued upward movement.
- Price remains above the 100-day Simple Moving Average, suggesting an intact uptrend.
Risks to the uptrend include:
- Failure to break critical resistance around $680 could trigger a pullback.
- Weak trading volume may indicate declining investor confidence.
- Overbought RSI conditions without price follow-through could lead to correction.
