Trades in Tight Range Amid Decreasing Volatility

The cryptocurrency market continues to navigate the complex global economic conditions, as BNB trades within a close consolidation between $ 636-646, according to the model of Coindesk Research technical analysis.

The token price measures show resistance in the middle of international trade disputes, with a higher minimum since the recent decline, while the resistance remains solid around the 643-645 zone.

Reducing volume volume indicates the accumulation of energy for potential escape, although the direction remains uncertain because traders carefully monitor technical formulas and macroeconomic development affecting market sentiment.

Emphasizing technical analysis

• BNB was traded within a narrow range of $ 9.67 ($ 1.52%) between $ 636.25 and $ 645.92 per 24 hours.
• The price consisted of a number of higher minimums from 13:00 DIP, which introduced support around $ 638-640.
• The resistance has appeared nearly $ 643-645 with remarkable volumes during recovery rally.
• The final price of $ 642.59 indicates neutrally to slightly embodied bias because BNB maintains a location above the middle row.
• A reduction in volume volatility indicates the potential accumulation of energy for decisive move.
• In the last hour of BNB showed bull dynamics, climbing from $ 641.21 to $ 643.09 (0.29% profit).
• A significant volume spikes occurred during movements ascending at 01: 54-01: 55, when BNB broke over $ 642.60.
• A short pullback at $ 640.57 at 01:32 founded a strong support zone with an aggressive purchase.
• The hourly closure showed a consolidation near the high, indicating the potential continuation of upstairs.
• Immediate resistance is at $ 643.25.

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