BNB is consolidating above $590 and the 100-hourly moving average, with key resistance levels at $605 and $612. A bullish trend line is forming with support at $595, and for continued upward momentum, the price must stay above $588. Technical indicators are mixed, with MACD losing bullish momentum.
BNB is currently maintaining above the 100-hourly simple moving average. The formation of a bullish trend line suggests buyers are defending the price level, setting up for another attempt at breaking higher resistance points. Technical indicators are mixed, while support levels have been established at $595 and $578.
If selling pressure increases, the price could test lower support levels, but the current market structure suggests these scenarios would require a notable increase in selling volume.
Source
<p>The post BNB Price Holds Above 590 as Mixed Technical Indicators Emerge first appeared on CoinBuzzFeed.</p>
