BNB Price Launches Recovery Bid: Will the Bounce Hold?

Crypto Breaking · 2024-05-31T03:43:46.000Z

BNB price started a recovery wave from the $585 support zone. The bulls must clear the $600 resistance zone to push the price into a positive zone in the near term. BNB price extended losses and tested the $585 support zone. The price is now trading below $600 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $595 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could start a fresh increase if it stays above the $585 support. BNB Price Holds Support After a decent increase, BNB price struggled near the $615 resistance. As a result, there was a bearish reaction below the $600 support, like Ethereum and Bitcoin. The price dipped below the $595 support and the 100 simple moving average (4 hours). It traded as low as $586 and recently started a recovery wave. There was a move above the $595 resistance zone, and the 23.6% Fib retracement level of the downward move from the $613 swing high to the $586 low. There was a break above a key bearish trend line with resistance at $595 on the hourly chart of the BNB/USD pair. However, the bears were active near the $600 level or the 50% Fib retracement level of the downward move from the $613 swing high to the $586 low. The price is now trading below $600 and the 100-hourly simple moving average. Immediate resistance is near the $600 level. The next resistance sits near the $602 level. Source: BNBUSD on TradingView.com A clear move above the $602 zone could send the price higher. In the stated case, BNB price could test $615. A close above the $615 resistance might set the pace for a larger increase toward the $620 resistance. Any more gains might call for a test of the $632 level in the coming days. More Losses? If BNB fails to clear the $600 resistance, it could continue to move down. Initial support on the downside is near the $592 level and the trend line. The next major support is near the $585 level. The main support sits at $572. If there is a downside break below the $572 support, the price could drop toward the $560 support. Any more losses could initiate a larger decline toward the $550 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $585 and $572. Major Resistance Levels – $600 and $602. Source: NewsBTC.com The post BNB Price Launches Recovery Bid: Will the Bounce Hold? appeared first on Crypto Breaking News.

Harga BNB memulai gelombang pemulihan dari zona dukungan $585. Bulls harus melewati zona resistensi $600 untuk mendorong harga ke zona positif dalam waktu dekat.
Harga BNB memperpanjang penurunan dan menguji zona dukungan $585.
Harga sekarang diperdagangkan di bawah $600 dan rata-rata pergerakan sederhana 100 jam.
Ada penembusan di atas garis tren bearish utama dengan resistensi di $595 pada grafik per jam dari pasangan BNB/USD (sumber data dari Binance).
Pasangan ini bisa memulai kenaikan baru jika tetap di atas support $585.
Harga BNB Mendapat Dukungan
Setelah kenaikan yang layak, harga BNB berjuang di dekat resistensi $615. Akibatnya, terjadi reaksi bearish di bawah support $600, seperti Ethereum dan Bitcoin.
Harga turun di bawah dukungan $595 dan rata-rata pergerakan sederhana 100 (4 jam). Harganya diperdagangkan serendah $586 dan baru-baru ini memulai gelombang pemulihan. Ada pergerakan di atas zona resistensi $595, dan level retracement Fib 23.6% dari pergerakan ke bawah dari swing high $613 ke level terendah $586.
Ada penembusan di atas garis tren bearish utama dengan resistensi di $595 pada grafik per jam dari pasangan BNB/USD. Namun, penjual aktif di dekat level $600 atau level retracement Fib 50% dari pergerakan ke bawah dari swing high $613 ke level terendah $586.
Harga sekarang diperdagangkan di bawah $600 dan rata-rata pergerakan sederhana 100 jam. Resistensi terdekat berada di dekat level $600. Resistensi berikutnya berada di dekat level $602.
Sumber: BNBUSD di TradingView.com
Pergerakan yang jelas di atas zona $602 dapat membuat harga lebih tinggi. Dalam kasus yang disebutkan, harga BNB dapat menguji $615. Penutupan di atas resistensi $615 mungkin akan memicu kenaikan yang lebih besar menuju resistensi $620. Kenaikan lebih lanjut mungkin memerlukan pengujian level $632 dalam beberapa hari mendatang.
Lebih Banyak Kerugian?
Jika BNB gagal mengatasi resistensi $600, BNB dapat terus bergerak turun. Support awal pada sisi bawah berada di dekat level $592 dan garis tren.
Support utama berikutnya berada di dekat level $585. Dukungan utama berada di $572. Jika ada penembusan sisi bawah di bawah support $572, harga bisa turun menuju support $560. Kerugian lebih lanjut dapat memulai penurunan yang lebih besar menuju level $550.
Indikator Teknis
MACD Per Jam – MACD untuk BNB/USD kehilangan kecepatan di zona bearish.
RSI (Indeks Kekuatan Relatif) Per Jam – RSI untuk BNB/USD saat ini berada di bawah level 50.
Tingkat Dukungan Utama – $585 dan $572.
Level Resistensi Utama – $600 dan $602.
Sumber: NewsBTC.com
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