After reaching $585 last week, BNB retraced to the $564 price region, forming a higher low and signaling potential upward momentum. BNB has already broken through the $585 resistance zone, and we are now waiting to see if we get a daily candle close above this level. If confirmed, the next target will be $612, with $689 as the final target. This week, the key focus is on whether the $585 level holds after the breakout.
On the weekly timeframe, the $563 zone stands out as a strong support level. It has been retested several times, with weekly candles consistently closing above it, and only wicks dipping below. This pattern reinforces the strength of the support at $563 (see the red circles)
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