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Last night, the price of BNB showed clear signs of a Rebound. Market analysts pointed out that if it can hold above in the next 1-2 hours, this round of Rebound is very likely to officially start. Investors should closely follow several key resistance levels above, which are 853, 860, and 870.
However, if BNB fails to break through these levels, it may indicate insufficient rebound momentum. In this case, investors need to shift their attention to the support levels below. The primary focus is the previous low of 812; as long as it does not break below this minor support, the hope for a rebound still exists. However, if it breaks below 812, the subsequent important support levels will be 811, 801, and 791.
It is worth noting that the price fluctuations of BNB in this round occurred against the backdrop of adjustments in the overall cryptocurrency market. At the same time, the phenomenon of mainstream coins rotating and rising has also attracted widespread attention from the market. In addition, the year-on-year Producer Price Index (PPI) in the United States for July was higher than expected, and this macroeconomic data may have a certain impact on the cryptocurrency market.
For traders, it is crucial to maintain vigilance and flexible trading strategies in the current market environment. Closely following the price trends of BNB, especially its performance near the aforementioned key levels, will help seize potential trading opportunities. At the same time, do not overlook the potential impact of broader market trends and macroeconomic factors on the price of BNB.