BNB Price Set to Surge: Could It Be the Next Big Mover? 📈
BNB price has been struggling to maintain its position above the $600 mark as it consolidates gains. Currently trading above $590, BNB is supported by a bullish trend line at $595, indicating potential for a fresh increase above $605. A successful break above $612 could propel it toward $620 or even $650.
Initially, BNB saw resistance after closing above $585, with upsides limited compared to Ethereum and Bitcoin. A dip below $605 and $600, including the 23.6% Fib retracement level of $543 to $611, was noted. However, gains above $580 have been maintained, with resistance projected near $605 and $612.
Jerking any upward movement, failure to clear the $605 resistance level might initiate declines. Primary support is identified near $595 and $578, with the main support resting at $570. Breaks below this could draw prices down toward $550. Technical indicators indicate a slower bullish momentum.
The hourly MACD for BNB/USD is showing loss in the bullish zone, while the RSI is below 50, highlighting slowing momentum. Key support levels lie at $595 and $578, with resistance at $605 and $612, suggesting price volatility in near future.
Vergelijkbare artikelen
BNB Hits New ATH: Bullish Indicators Signal $900 Target
BNB Price Surge: Upbeat Momentum Builds After $724 Breakout
BNB Price Eyes Another Leap: Is a Fresh Surge Incoming?
BNB Bulls Eye $750: Momentum Builds for a New Surge
BNB Price Is Just 10% Away from a New All-Time High: Here Is What Can Happen Next
BNB Price Records a New All-Time High of $774 After 6 Months
Binance Breaks Out: Can Rising Open Interest Spark Rally To $1000?
Can BNB hit a new ATH in 2024? Key factors you need to know!
BNB can reach $1630, data reveals, but only if…
Here’s how BNB’s $600 support could trigger a 19% surge to ATH
BNB Price: Analyst’s Step-by-Step Guide to $1,000 Target
Is BNB undervalued? Bulls must seize THIS opportunity to break $700
BNB Price Soars Past $600 as Bulls Target $1,000!
BNB Price Prediction – Is a rally to $725 really on the cards for the altcoin?
Analysts Predict $725 BNB Price, Buyers Break 5-Month Stagnation
This Rare Pattern Could Propel BNB Price To $1,200
BNB Price Analysis: Will Buyers Break $658 to Target $863?
BNB Price Prediction As Analyst Forecasts $1,000 Target
BNB Price Forms A Risky Pattern: Is There A Path To $1200?
Analyzing BNB’s potential after flipping THIS crucial price level
Here’s how BNB bulls can capitalize on altcoin’s near-term volatility
BNB Price Skyrockets To New All Time High, Rally To $1000 Near?
BNB Price Surges to New All-Time High: Is $1,000 the Next Target?
BNB hits all-time high of $775: Will $1,000 follow soon?
BNB’s next move: Could a supply squeeze lead to 100% gains?
BNB faces correction after climbing 10% last week: New predictions?
Will BNB Price Hold Above $700 Amid Surge In Volume
BNB Reaches New All-Time High Amid Bullish Momentum, but Key Support at $721 Remains Crucial for Future Gains
BNB’s Breakout Above $634.85 Raises Possibilities for Continued Bullish Momentum and Market Interest
BNB Shows Cup-and-Handle Pattern Potential for 200% Gains Amid Altseason Hints and Market Bullishness
BNB Price Analysis: Potential Resistance and Growth Opportunities as Market Peaks Rising
BNB Holds $600 Support, Suggesting Potential for 19% Rally Towards New Highs
BNB Faces Price Correction After Weekly Surge: Can a Bullish Reversal Target $744?
BNB’s Breakthrough Above $600 Suggests Potential for Further Gains Amid Market Dynamics
BNB’s Bullish Breakout Suggests Potential to Reach $725 Amid Positive Technical Indicators
BNB Displays Promising Growth Potential Amid Rising Network Activity and Decreasing Supply
Can BNB Approach $800? Assessing Its Recent Performance and Market Momentum
BNB Breaks Bullish Flag Pattern: Could Prices Surge Towards $775 Amid Strong Market Sentiment?
BNB Reaches New All-Time High, Targeting $800 Amid Potential Profit-Taking Risks
BNB Approaches All-Time High But Faces Critical Resistance at $670
