BNB Bulls Charge Toward $650 as Recovery Momentum Builds

BNB's price action demonstrates renewed bullish momentum after solidifying support above the $600 level. The cryptocurrency has broken through key technical barriers, including a bearish trend line at $625 and the 50% Fibonacci retracement level of its recent drop from $651 to $602.

Currently trading below the $632 mark and the 100-hour moving average, technical indicators point to strengthening bullish pressure. The MACD displays accelerating upward momentum while the RSI remains above the neutral 50 level. Traders are now focused on the $644-$650 resistance zone, with a successful breakout potentially paving the way for $665-$700 targets.

Support levels are clearly established at $635, $632, and $625, with $600 serving as both a psychological and technical floor. This recovery follows a consolidation period that appears to have flushed out weak positions, creating conditions for potential continuation of the upward move.