Current Retracement and Higher Low Formation:
- BNB retraced back to $564, establishing a new higher low above the previous low of $551. This formation indicates sustained bullish momentum for BNB.
Resistance Level:
- Currently, BNB is facing resistance at $612. Breaking through this zone is crucial for further upward movement.
Future Target:
- Once the $612 resistance is broken, the next key target for BNB will be $689, positioning it for continued gains in the ongoing uptrend.
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