Technical analysis by RTED_Investing about Symbol BNB: Buy recommendation (4/16/2025)

The BNB/USDT market recently bounced from the 560 support level, a notable swap zone that has acted as a key turning point in past price action. The current pullback from the downward trendline appears to be directing price back toward this historically significant support area. On the weekly timeframe, a bullish candle has formed, while the daily chart shows a pattern of higher lows, pointing to growing buying pressure. If the price revisits the 550–560 zone, a bounce is likely, potentially sparking a bullish move. With technical signals aligning across multiple timeframes, this zone stands out as a prime area of interest. The next target is the resistance zone around 613