Technical analysis by EhsanZeydabadi about Symbol BNB: Buy recommendation (5/7/2025)

On the daily chart of BNB, a symmetrical triangle has formed, and the price is approaching a breakout point. The $600–$604 zone, aligned with the 200-day moving average and the descending trendline, acts as a key resistance. A bullish breakout could push the price toward the $696 area. On the downside, the $575 support is crucial — if broken, the next potential drop could target the $505 zone. Price compression and declining volatility suggest a strong move is likely soon.📈 A major move is coming for BNB!🔺 Resistance: $604🔻 Support: $575 and then $505