The price of BNB, the cryptocurrency for the Binance exchange, experienced a correction and dropped below $600. However, it is currently holding the $565 support level and may see a potential increase in value. If the price does rise, it could face resistance at $580 and $585. A breakthrough above $585 may lead to further gains and a test of $600, with the potential for a larger move to $620 or even $650. On the other hand, if BNB fails to clear the $585 resistance, it could start declining again. Initial support levels are at $570 and $565, while the major support level sits at $550. A break below $550 may lead to further losses towards $532 and $520. The MACD indicator is showing a bearish trend, while the RSI indicator is around the 50 level.
- Content Editor ( newsbtc.com )
- 2024-10-01
BNB Price Could Regain Momentum: Is an Upswing Coming?