The BNB price is consolidated above the support zone of $ 665. The price now shows positive signs and could point to more profits in the short term.
- BNB Price is trying to recover from the $ 655 support zone.
- The price is now quoted below $ 675 and the single mobile average of 100 hours.
- There was a break over a boldness line with resistance to $ 665 in the BNB/USD -hour graph (Binance data source).
- The torque must remain above the level of $ 660 to begin another increase in the short term.
BNB Price Eyes Stable Profit Ganes
After forming a base above the level of $ 652, BNB Price began a new increase. There was a movement above the resistance levels of $ 655 and $ 665, such as Ethereum and Bitcoin.
There was a decent movement above the FIB recoil level of 23.6% of the recent decrease in $ 691 to the minimum of $ 653. In addition, there was a break over a boldness line with resistance to $ 665 in the table per hour of the BNB/USD pair.
The price is now quoted below $ 675 and the single mobile average of 100 hours. On the positive side, the price could face resistance close to the level of $ 672. It is close to the 50% fib setback level of the recent decrease in $ 691 to the minimum of $ 653.
The next resistance is close to the level of $ 677. A clear movement above the $ 677 zone could send the highest price. In the established case, BNB Price could try $ 680. A closure above the $ 680 resistance could establish the pace for a larger movement towards the $ 685 resistance. More gains may require a test of the $ 700 level in the short term.
Another decline?
If BNB cannot erase the resistance of $ 675, another decrease could begin. The initial support at the disadvantage is close to the level of $ 665. The following important support is close to the level of $ 662.
The main support is at $ 655. If there is a downward break below the $ 655 support, the price could fall towards the $ 650 support. More losses could initiate a greater decrease towards the level of $ 642.
Technical indicators
MacD per hour: The MacD for BNB/USD is gaining rhythm in the upward zone.
RSI per hour (relative force index): The RSI for BNB/USD is currently above 50.
Important support levels: $ 662 and $ 655.
Main resistance levels: $ 672 and $ 680.
