From TradingView · · 40s
BNB at $695: Accumulation Before Next Move
BNB price near $695 could signal bullish rebound or deeper drop.
In brief
BNB price near $695 could signal bullish rebound or deeper drop. BNB price at $695 may hold $670-$640 demand zone for rebound or break lower to $617-$600. Originally reported by TradingView.
Current Price Zone
BNB sits at $695 after pulling back from $800 area.
Key Technical Levels
Watch $730-$775 resistance, $670-$640 demand, and $617-$600 support.
Fundamental Developments
BNB Chain completed 37th quarterly burn on October 19, removing 1.64 million BNB.
Two Price Scenarios
Bullish: Hold $670-$640 and reclaim $730-$775 for $800-$814 target. Bearish: Break below $640 to $617-$600 then $550-$560.
The bottom line
BNB price at $695 may hold $670-$640 demand zone for rebound or break lower to $617-$600.
