BNB/USD Trend Summary
1. Recent Price Action & History
BNB is consolidating around $660–$690, recently hitting a 52‑week high near $793 in May, with a 24‑hour range between $668–$687
Nasdaq
+14
TradingView
+14
CoinDCX
+14
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Over the past month, it’s gained ~2–3%, with an uptick of ~4% in late June
CoinLore
+3
TradingView
+3
changelly.com
+3
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2. Technical Setups Supporting Uptrend
Descending wedge breakout on 4‑hour chart, with targets around $697–710, then resistance at $728
TradingView
+2
CoinDCX
+2
tradinglounge.com
+2
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Bullish flag & inverse H&S patterns suggest continuation toward $750–800+ .
Elliott Wave count shows corrective Wave ② ending near $633, projecting a Wave ③ rise; invalidation if drops below $597
TradingView
+2
tradinglounge.com
+2
TradingView
+2
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Support zones holding firm at $648–637 and $608–592 .
3. Key Indicators
Price is above short‑ & mid‑term EMAs, waiting for hold above the 100/200‑day EMA confluence (~$612)
tradinglounge.com
+3
Iconomi
+3
CoinDCX
+3
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The Stochastic RSI is overbought, risks a short consolidation before next leg .
🎯 Trade Analysis & Recommendation
You mentioned TP = 781, SL = 610. Here's an aligned plan:
Aspect Details
Entry After retracement into $648–660 or break above $690
Stop Loss (SL) Place around $610–$597 (key support/invalidation zone)
Take Profit (TP) Primary: $750–781 zone; beyond that, targets near $800–$830 plausible
Risk Management Risk ~5%, expect consolidation before breakout
🧭 Summary
Bullish stance justified — price structure supports uptrend, with clear technical triggers and historical momentum. Watch $648–637 and $610–597 as critical levels for pullback and stop placement. If BNB stays above those, chance of hitting your $781 TP is solid, with upside potential beyond.
Bottom Line:
Go long on consolidation pullback or breakout above ~$690
SL: ~$610 (or conservative $597)
TP: initial $781, trailing into $800+ if momentum continues
Tailor position size for acceptable risk and monitor EMA/RSI for signs of exhaustion.
