BNB/USD Shows Positive Bias and Potential for Further Gains

BNB/USD  trades high er with a positive bias.  It hit a high of $669 and is currently trading around $665.20.

Short-term trend remains bullish as long as support of $625 holds. It trades above the 55 and 34,200 EMA on the 4-hour chart. Near-term support is around $640 (365- 4H EMA), any breach below targets $625/$600/$570/$520.  If the pair closes below $500, potentially leading to further declines towards $400.

Immediate Resistance is at $680. Major resistance is around  $700.Any breakout above this resistance confirms bullish momentum., a jump to $730/$800/$1000.

Indicators (4-Hour Chart)

1. Directional Movement Index: Neutral
2. CCI (50): Bullish

Trading Strategy

It is good to buy on dips around $650 with a stop-loss set at $600 and a target price of $800/$1000.