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January 11 BNB Market Outlook
The price initially surged to a high of 924.84 before pulling back, then stabilized at a low level. It has now rebounded and broken above the short-term moving averages, returning to the previous upward trend's correction phase. A strong support level has formed at this stage, and the downside is limited.
After testing the lower band of the Bollinger Bands and rebounding, the price is currently challenging the middle/upper band range. The Bollinger Bands are gradually opening from a converging shape, indicating that bullish rebound momentum is beginning to be released.
BNB Trading Suggestions: Pull back near 908-900 to buy, aiming higher at 920-930. If broken, continue to look upward.