The Binance Coin (BNB) price has struggled to stay above the $600 level and is currently consolidating gains. It may aim for a fresh increase above $605. After a close above $585, BNB extended its increase but remained capped unlike Bitcoin and Ethereum. There was a move below $605 and $600, but the price is holding above $580. It is trading above $595 and the 100-hourly simple moving average, with a bullish trend line forming at $595. If there is a fresh increase, the price could face resistance at $605 and $612, potentially reaching $620 and $632. On the downside, initial support is at $595, followed by $578 and $570. A drop below $570 could lead to a larger decline to $560 and $550. The hourly MACD is losing pace in the bullish zone, and the RSI is below 50.



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