CandleFocus BNB Price Reclaims $500: Can Bulls Maintain the Push?
2024-09-11
Author: Content Editor
The BNB price has experienced a fresh increase and surpassed the $500 level. It is currently consolidating its gains and may aim for further increases above $525. If it continues to rise, it could face resistance near $518 and then $525. A successful break above $525 could push the price higher and potentially test $535. A close above $535 resistance could lead to a larger move towards $550 and potentially $562. On the downside, initial support is at $510, followed by major support at $500 and $492. If the price breaks below $492, it may drop towards $470 and potentially even $450. The MACD indicator suggests a slowdown in bullish momentum, while the RSI is currently above the 50 level.
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