The price of BNB (Binance Coin) is currently consolidating near the $700 support zone. Although there are a few bearish signs, the bulls are expected to remain active near the $672 support level. The price experienced a pullback after struggling to settle above the $705 level and dropped below the $695 support zone. It is now trading below $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $692 level, with the next resistance sitting near $696. If BNB is able to clear the $696 resistance, it could test $700 and potentially move towards the $720 and $732 levels. On the downside, initial support is near $685, followed by the main support at $672. The technical indicators show bullish momentum in terms of the MACD, while the RSI is currently below the 50 level.



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