$BNB
Price Ready to Bounce? Key Levels to Watch! �
BNB is showing strength as it consolidates above $595, with the price stabilizing around $600. A fresh upward move could be brewing if bulls hold this key support!
Key Highlights:
- BNB is rebounding from $600, currently trading near $602.
- A rising channel is forming on the hourly chart, with strong support at $600.
- Holding above $598 is crucial for the next leg up.
Resistance Levels to Break:
- Immediate hurdle at $606 (61.8% Fib level of recent drop).
- A clear break above $610 could fuel a rally toward **$620** and even $635-$650
If Support Fails:
- A drop below $600 may test $598 .
- Further weakness could push price to $592 or even $585-$580
Technical Signals:
- MACD is gaining momentum in the bullish zone.
- RSI is above 50, indicating bullish strength.
Stay alert! A decisive move above $610 could trigger a strong rally, while losing $598 may invite more downside.