CandleFocus BNB Price Aims To Reclaim $600: Will The Bulls Succeed?
2024-10-28
Author: Content Editor
The price of BNB (Binance Coin) experienced a correction below the $580 level and is now attempting to recover. It faces resistance around the $590 zone. If the price continues to rise, it could face further resistance near $598, and a break above this level could lead to higher prices. On the other hand, if the price fails to break the $590 resistance, it may decline and find support near $585 and $582. The main support level is at $572, and a break below this level could result in a larger decline towards $565 or even $550. The current technical indicators suggest a somewhat bullish trend, with the MACD losing momentum in the bullish zone and the RSI hovering around the 50 level.
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