CandleFocus Binance Coin BNB at $600 Crossroads, Targets New ATH Above $720
2024-11-07
Author: Content Editor
The article discusses the potential for Binance Coin (BNB) to break through the $600 resistance level and reach a new all-time high above $724. BNB has experienced a recent recovery from a 7-day low and is currently trading at around $594. The struggle to close above $600 remains significant, but there are bullish indicators such as the MACD and signal lines on the verge of a positive crossover. BNB's price action has also formed a higher-low pattern, increasing the likelihood of a bullish breakout. However, if the bullish momentum fails, support levels are found at $564 and $526.
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