cryptd.in

Alternativni LinkedIn za kriptovalutam prijazne talente

BNB Price Reclaims $600 — Is This the Start of a Major Upside Move?

-

po

na spletnem mestu

BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term.

  • BNB price is attempting to recover above the $615 resistance zone.
  • The price is now trading above $600 and the 100-hourly simple moving average.
  • There is a connecting bullish trend line forming with support at $611 on the hourly chart of the BNB/USD pair (data source from Binance).
  • The pair must stay above the $600 level to start another increase in the near term.

BNB Price Eyes More Upsides

After forming a base above the $580 level, BNB price started a fresh increase. There was a move above the $595 and $600 resistance levels, like Ethereum and Bitcoin.

The bulls even pushed the price above the $610 level. A high was formed at $620 before there was a minor downside correction. The price dipped below the 23.6% Fib retracement level of the upward move from the $594 swing low to the $620 high.

The price is now trading above $600 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $611 on the hourly chart of the BNB/USD pair.

BNB Price

On the upside, the price could face resistance near the $618 level. The next resistance sits near the $620 level. A clear move above the $620 zone could send the price higher. In the stated case, BNB price could test $635. A close above the $635 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term.

Another Decline?

If BNB fails to clear the $620 resistance, it could start another decline. Initial support on the downside is near the $611 level. The next major support is near the $607 level and the 50% Fib retracement level of the upward move from the $594 swing low to the $620 high.

The main support sits at $600. If there is a downside break below the $600 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $580 level.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level.

Major Support Levels – $611 and $607.

Major Resistance Levels – $618 and $620.


Komentarji

Dodaj odgovor

Vaš e-naslov ne bo objavljen. * označuje zahtevana polja

Najnovejši viri

Priljubljene kategorije

Iskanje po spletnem mestu

Priljubljene zgodbe

Oznake

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (383) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #BVendar je to zelo pomembno. (1) #BracebridgeCapital (1) #BRC20Točke (1) #BTCnabava (1) #BullishPrediction (1) #BullishSentiment (1) #CKitajsko rudarstvo (1) #CPIPpregled (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #C kriptografija (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #C kriptografska regulacija (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #C kriptografska negotovost (1) #DerivativeJump (1) #Dogecoin (69) #DogecoinGains (1) #DogecoinVolume (1) 1TP5DutchCourt (2) #ECposlovanje (1) #ElSalvadorBitcoin (1) #Ethereum (64) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #Finančni vpliv (1) #FinančnaZasebnost (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investicije (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #Pravni vpliv (1) #Zakonodaja (1) #LightningNetwork (1) #M Analiza trga (3) #M Spremljanje trga (1) #MTržna napoved (1) #MTržne napovedi (1) #M MarketProjection (1) #M MarketSupport (1) #MVolatilnost trga (1) #M Poroka (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitabilnost (1) #M Pranje denarja (2) #MtGox (3) #NorthKoreaCrypto (1) #NovogratzPredikcija (1) #PriceMilestone (1) #PCenaPredikcija (2) 1TP5CenaVprašanje (1) #PCenovni skok (1) #PrisonSentence (1) #QuantAnalysis (1) #Regulativni pritisk (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) #Tehnična analiza (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotencial (1) #USCongress (1) #WyomingLand (1) #XR Cena (1) #XRPupswing (1)

Koristne povezave

Povezave, ki so se mi zdele koristne in sem jih želel deliti.