CandleFocus BNB Price Poised for Fresh Increase: Will Momentum Build?
2024-10-22
Author: Content Editor
The price of BNB (Binance Coin) has corrected gains and is now holding the key support level at $588. If the price can increase again, it may encounter resistance at $602 or $610. A clear move above $610 could send the price higher to $620, then $632, and potentially even $650. However, if the price fails to clear the $605 resistance, it could start another decline, with initial support at $592 and major support at $588. A break below $580 could lead to a drop towards $575 and possibly even $565. The technical indicators show the MACD in the bearish zone and the RSI below 50.
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