Can BNB Regain $725?

BNB is consolidating above $675 support. The price is stabilizing and may rise over $700 resistance.

BNB pricing is battling over $700.

The price is below $700 and the 100-hour SMA.

Break over a connecting negative trend line with resistance at $695 on the hourly BNB/USD chart.

To rise soon, the pair needs hold above $680.

BNB Price Supports

After a drop, BNB found $675 support. It is recovering Ethereum and Bitcoin losses. Price rose beyond $685.

The price recovered above the 23.6% Fib retracement level of the $745 swing high to $674 low decline. The hourly BNB/USD chart also broke above a negative trend line with resistance around $695.

The price is below $700 and the 100-hour SMA. A new climb might hit resistance at $700. The next obstacle is $710, the 50% Fib retracement level of the decline from the $745 swing high to the $674 low.

A decisive break over $710 might boost prices. In this situation, BNB may reach $725. A closing over $725 resistance might lead to a surge above $740. More gains may test $750 soon.

Another Dip?

BNB may fall again if it fails to break $710 resistance. Initial downside support is $685. Near $675 is the next important support.

The major support is $650. If the price breaks below $650, it might fall to $642. More losses might cause a drop to $625.

Tech Indicators

Our hourly MACD for BNB/USD is falling in the negative zone.

Hourly RSI (Relative Strength Index): BNB/USD is over 50.

Major Support Levels: $685, $675.

Major Resistance Levels: $700, $710.

#BNB #BNBBhutanReserves #BinanceAlphaAlert #BullCyclePrediction $BNB $BTC