BNB/USD quick technical analysis with support and resistance levels:
Key Levels:
Support Levels:
$588 – This is close to the MA(25) and where current price is hovering. Acts as immediate support.
$571 – A recent low visible on the chart.
$520 – Strong historical support, where the last major bounce happened.
Resistance Levels:
$600–602 – Recent rejection zone and a psychological level.
$620–621 – Near the MA(99), a historically significant resistance area.
$645 – The previous local top, where sellers heavily entered the market.
Indicators:
MACD is still bullish (positive MACD line), but histogram is showing signs of slowing momentum.
MA(7) > MA(25) – Short-term momentum was bullish but is at risk of reversing if price drops below $588.
Outlook:
If BNB stays above $588 and regains $600+, it may retest $620 soon. A drop below $571 would likely bring $550–520 back into play.