The BNB price is consolidating above the $700 support level and is aiming for a potential increase above the $720 resistance. The bulls successfully pushed the price above the $712 resistance, but face resistance near the $720 zone. If the price breaks above $720, it could test $732, followed by a potential move towards $740 and $750. On the downside, initial support is found at $708 and $703, with the main support at $700. If the price drops below $700, it could decline towards $692 and $685. The MACD indicator suggests a slowdown in bullish momentum, while the RSI remains above the 50 level.



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