🚀 $BNB Eyes Breakout — Will Momentum Return Stronger Than Ever?
BNB is consolidating above $665. The price is showing indications of improvement and may rise further.
BNB price is trying to rebound from $655.
The price is below $675 and the 100-hour SMA.
Break over a connecting negative trend line with resistance at $665 on the hourly BNB/USD chart.
To rise soon, the pair needs hold above $660.
BNB price seeks steady gains
BNB price rose after building a base above $652. Ethereum and Bitcoin moved over $655 and $665 barrier levels.
A good rise over the 23.6% Fib retracement level of the latest collapse from $691 swing high to $653 low occurred. In addition, the BNB/USD hourly chart broke above a negative trend line with resistance around $665.
The price is below $675 and the 100-hour SMA. Price may find resistance at $672 on the upside. It is around the 50% Fib retracement level of the latest slide from $691 swing high to $653 low.
Near $677 is the next resistance. A decisive break above $677 might boost prices. In this instance, BNB may reach $680. A closing over $680 barrier might lead to a surge above $685. If gains continue, $700 may be tested.
Another Fall?
BNB may decrease if it fails to break $675 barrier. Initial negative support is $665. Near $662 is the next important support.
The major funding is $655. If the price breaks $655, it might fall to $650. More losses might cause a drop to $642.
Tech Indicators
Hourly MACD - BNB/USD MACD is rising in the positive zone.
Hourly RSI (Relative Strength Index): BNB/USD is over 50.
Major Support Levels: $662, $655.
Key Resistance Levels: $672, $680.
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