Quick Technical Analysis of BNB/USD with Support and Resistance Levels
Key Levels:
Support Levels:
$588 – Close to the 25-period moving average (MA25) and the current price level, providing immediate support.
$571 – Represents a clear recent low on the chart.
$520 – Strong historical support, which is the level where the last significant price bounce occurred.
Resistance Levels:
$600–$602 – A recent price rejection area and an important psychological level.
$620–$621 – Close to the 99-period moving average (MA99), considered strong historical resistance.
$645 – The previous local peak, where sellers entered the market heavily.
Technical Indicators:
MACD remains positive (the main line is above the signal line), but the histogram shows a slowdown in momentum.
MA(7) > MA(25) – Short-term momentum is still bullish, but it is at risk of reversal if the $588 level is broken.
Outlook:
If BNB maintains trading above the $588 level and successfully recovers $600, it might aim to test $620 soon.
However, if it breaks $571, it may retest levels of $550 and even $520.