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BNB finds itself at a pivotal moment as price action tightens between two 
critical technical zones. After a period of consolidation, the cryptocurrency 
is testing resistance near the 200-period moving average, hovering around the 
$653 mark. Meanwhile, support around the $640 level continues to hold firm, 
acting as a safety net for bulls trying to defend the current structure. 200 
MA Acts As A Ceiling Against BNB Uptrend According to Thomas Anderson in a 
recent X post, the M15 BNB chart reveals that the price is currently testing 
resistance around the $651.50 level, marked by a horizontal yellow line. 
Related Reading: BNB Coils For Impact: Will $670 Crack Under Pressure? This 
move follows a recent bounce off the ascending white trendline support, 
indicating that buyers are still defending the short-term uptrend. However, 
price action remains just beneath the 200-period moving average (red line), 
which is acting as a dynamic resistance zone near the $653 mark. Momentum 
indicators are offering mixed signals at the moment. The MACD continues to 
print negative values, showing that bearish pressure hasn’t fully dissipated, 
while the RSI has started recovering from previously oversold conditions. This 
combination suggests the potential for a short-term bounce within the 
ascending channel. M30 And H1 Charts Are Aligning In an updated post, the 
analyst also went further to examine the BNB M30 chart, where price is 
currently trading at $650.10 and appears to be consolidating just below the 
200-period moving average (red line) situated around the $653 level. This area 
is acting as a key short-term resistance zone, and price action has shown 
hesitation around it, reflecting a battle between buyers and sellers. 
Interestingly, the H1 chart mirrors this behavior, showing a broader ascending 
channel structure that suggests an underlying bullish bias, though still 
unconfirmed. Related Reading: BNB Price Reclaims $600 — Is This the Start of a 
Major Upside Move? The immediate resistance to watch remains near the $653 
mark, aligned with the 200 MA on both the M30 and H1 timeframes. If bulls can 
muster enough strength to break and sustain above this level, it could trigger 
a fresh wave of upward momentum for BNB toward the next resistance at $657. 
This would represent a potential continuation of the ascending channel&#8217;s 
structure and hint at growing bullish control in the short term. On the flip 
side, if price fails to push above the $653 resistance, consolidation may 
begin to lose steam. In such a scenario, a retreat toward the previous swing 
low near the $640 level becomes likely. This support area has already proven 
its strength and could be the next level of defense if bearish pressure 
increases. Traders are watching closely, as these levels may determine BNB&#8217;s 
next directional move. Featured image from Adobe Stock, chart from 
Tradingview.com

Price Pressure Builds: Can BNB Punch Through The Ceiling Or Will 640 Catch The Fall?

Bitcoin exchange-traded funds (ETFs) notched their seventh straight day of 
inflows, closing with a $216 million net gain thanks to Blackrock’s massive 
inflow. Ether ETFs also stayed in the green with a $11.09 million net inflow, 
despite sizable exits from Fidelity and Grayscale. Bitcoin ETFs Extend Inflow 
Streak to 7 Days Despite Heavy Outflows in […]