The price of BNB has seen a fresh increase, surpassing resistance levels at $550 and $565. It even tested the $600 resistance zone before consolidating. The price is currently trading below $585 and the 100-hourly simple moving average, but there is a bullish trend line forming with support at $585. If there is a further increase, the price could face resistance at $600 and $608, potentially leading to a test of $620 and $635. On the downside, initial support is at $588, followed by $585 and the trend line. The main support is at $575, and a break below this level could lead to a decline towards $560 and $550. Technical indicators show bullish momentum with the MACD in the bullish zone and the RSI above 50.



Other News from Today