$BNB

Ready for a Bounce? Key Levels to Watch!

BNB is holding steady near $600 after forming a short-term bottom at $598. With Bitcoin and Ethereum showing strength, BNB could be gearing up for a rebound—if it holds this crucial support zone.

Current Price Action :

After dipping to $592, BNB quickly recovered and pushed past $605, peaking at $611 before a slight pullback. The price is now consolidating around $602, staying comfortably above the 100-hour moving average (SMA 100). The hourly chart reveals a bullish rising channel, with strong support at $600.

Key Levels to Watch :

- Resistance: $606–$610 (61.8% Fib retracement level from the recent swing high). A clean break above $610 could fuel a move toward $620. If bulls take control, we might see a surge to $635 and even $650.

- Support: $600 is the immediate floor, followed by $598. A drop below $592 could trigger deeper declines toward $585–$580.

Technical Outlook

- MACD: Gaining momentum in the bullish zone.

- RSI: Holding above 50, supporting upside potential.

Final Takeaway :

BNB looks primed for a bounce as long as $598–$600 holds. A break above $610 could spark a rally toward $620 and beyond. However, losing $592 may invite more downside.

Stay alert—BNB could make its next move soon! 🚀