The price of BNB (Binance Coin) is currently consolidating above the $675 support zone and may aim for a fresh increase above the $700 resistance. After a downside correction, BNB found support at $675 and is now recovering losses. It has recovered above the 23.6% Fibonacci retracement level and broke above a connecting bearish trend line. However, it is currently trading below $700 and the 100-hourly simple moving average. If there is a fresh increase, resistance could be faced near the $700 level and the $710 level. A move above $710 could send the price higher towards $725 and potentially $740. On the downside, support levels are at $685 and $675, with the main support at $650. If the price breaks below $650, it could drop towards $642 and $625. The MACD is in the bearish zone and the RSI is currently above the 50 level.



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