The BNB price remains stable above the support level of $ 665. At present, the price indicates positive signals and could point to more short -term profits.
Main Takeways:-
- BNB Price is aimed at recovering from the support level of $ 665.
- At present, the price is quoted below $ 675 and the simple mobile average of 100 hours.
- In the BNB/USD table (Binance), the price moved above a downward trend line that acted as resistance to $ 665.
- The torque must remain above the level of $ 660 to begin another short -term increase.
BNB is aimed at a stable price increase
The BNB price remained stable above $ 652, then began to increase again. The resistance points of $ 655 and $ 665 passed, similar to what happened with Ethereum and Bitcoin.
The price increased very well due to the FIBONACCI level of 23.6%, which is part of the recent drop of $ 691 to $ 653. In addition, in the BNB/USD table, the price broke above a decrease line that acted as resistance to $ 665.
At present, the price is quoted below $ 675 and the simple mobile average of 100 hours. The price could experience resistance near the level of $ 672 in the upward trend. It is close to the FIB recoil level of 50% of the current fall from the high fluctuation of $ 691 to the minimum of $ 653.
The next resistance is around $ 677. If the price is clearly above that level, it could increase even more. In that case, BNB could reach $ 680. If it remains above $ 680, it could continue to rise to $ 685. If the price continues to rise, you could even try the level of $ 700 soon.
Another decline?
If BNB cannot exceed the resistance of $ 675, its price could start down again. The first place in which I could find support is around $ 665. If it falls more, the following strong support is about $ 662. The main support is $ 665. If there is a downward trend under the $ 655 support, the price could decrease towards the $ 650 support. More losses could begin a greater fall towards the level of $ 642.
Technical indicators
RSI per hour (relative force index): The RSI for BNB/USD is currently above 50.
Macd per hour (Mobile average convergence divergence): The MACD for BNB/USD is increasing the rhythm in the upward zone.
• $ 662 and $ 655 – Important support levels
• $ 672 and $ 680 – important resistance levels
Read also:- The price of ETH slides after the recent rally- Where could it go below?
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