🔥🔥🔥🔥BNB Regain $660?
Support level of BNB is around 565 dollars. The price is steady and will likely increase to over 590 dollars soon.
The BNB price rose from support at $565 that was formed earlier.
It is above 580 and the hourly SMA for 100 hours.
On an hourly chart, the trend line, which was negative resistant broke by BNB/USD after scaling over the resistance at $582.
BNB among other cryptos like Ethereum and Bitcoin has been climbing from $565 in recent times. The barriers of 572 US Dollars and even 580 were broken by rates.
Resistance Even At $582 Has Been Overcome. The most recent wave smashed through the fifty percent Fibonacci retracement level of the decline from a high swing in a range between USD597 down to USD568.
It currently sits above both its 100-hourly SMA ($582) as well as stabilizing at the Fib retracement level at .618% ($568 low).
A move up towards around resistance at 588 could be seen.
Next resistance lies around .590. Provided there is a solid breakthrough above this value, prices may be encouraged upwards resulting in BNB rising to $600 or more. In case this happens then we can expect prices touching six hundred bucks for every unit of this currency with a possible close above six hundred twenty dollars or more. Gains targeting approximately three hundred thirty two dollar are still not out of reach yet.
If it does not pull back below 590 dollars, it could fall further still. First downside support would come from either the 100h simple moving average (SMA) or else $582 per coin.
Next big support area lies close to five seventy-five bucks.As for major support levels, they stand at $565. It may drop below 550 if it breaks the level of 565. In case of further losses, prices can reach 532 dollars.
BNB/USD’s MACD on an hourly chart has been going up as it is currently within the positive area.
The hourly RSI for BNB/USD is over 50.
Support levels: $582,$575
Resistance levels: $590,$600
