When the lunch pool is over in 19 hours, we will really know where the movement of BNB is; right now it is still too early and difficult to see the movement of BNB.
koinmilyoner
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Bullish
Is BNB Price Reclaiming $600 the Start of a Major Upside?
From $580 support, BNB is climbing. The price is consolidating gains over $600 and may strive for more increases in the immediate future.
BNB is trying to break $615 resistance. The price is over $600 and the 100-hour SMA. On the hourly BNB/USD chart, a positive trend line connects to $611 support.
To rise soon, the pair must remain over $600.
BNB Price Sees More Gains
BNB price rose after building a base over $580. Ethereum and Bitcoin moved over $595 and $600 barrier.
Bulls even broke $610. Before a small drop, $620 was a high. Price dropped below the 23.6% Fib retracement line of the $594 swing low to $620 peak upward advance.
The price is over $600 and the 100-hour SMA. On the hourly BNB/USD chart, a positive trend line connects to $611 support.
Price may find resistance at $618 on the upside. Near $620 is the next resistance. A decisive break above $620 might boost prices. In this instance, BNB may reach $635. Closes over $635 resistance may signal a stronger advance toward $650 barrier. More gains may challenge $665 soon.
Another Fall? BNB may tumble again if it fails to break $620. Near $611 is first downside support. The next key support is $607, the 50% Fib retracement level of the rise from the $594 swing low to the $620 high.
The major support is $600. If the price breaks below $600, it might fall to $585. More losses might cause a drop to $580.
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: $610, $605.
Major resistance levels: $625, $650
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