As reported by Cryptofrontnews, BNB is currently holding the $700–$550 support zone, a key decision point for the cycle. Analysts suggest that maintaining this level could target $1500–$3000, while a breakdown may lead to $250–$170. Market data shows BNB trading near $890 with stable volume and steady movement. Chart watchers, including Crypto Patel, highlight the significance of this support area, noting its alignment with past reaction points. The 24-hour trading volume reached $2.5 billion, with the market cap matching the fully diluted valuation at $122.72 billion. Historical expansion phases also suggest potential for further upward movement if the support holds.
BNB Holds Critical $700–$550 Support as Market Awaits Break or Reset
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Summary
BNB holds critical $700–$550 **support level** as traders watch for a break or reset. Analysts say holding this **support & resistance** zone could target $1500–$3000, while a breakdown may send it to $250–$170. BNB trades near $890 with stable volume and steady movement. Chart watchers note the area aligns with past reaction points. 24-hour volume hit $2.5 billion, with market cap at $122.72 billion. Historical trends suggest upward potential if the **support level** remains intact.
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