🏆 BNB Approaches Breakout Zone — Can Bulls Take Control?

BNB is reversing gains from $825. The price is confronting obstacles at $815 and may rise soon.

BNB is reversing gains below $815.

The price is over $800 and the 100-hour SMA.

A crucial contracting triangle with support around $804 is building on the hourly BNB/USD chart.

To rise soon, the pair must remain above $792.

BNB Price Supports

BNB price failed to break $830 after a steady rise. Ethereum and Bitcoin corrected below $820 and $815.

The price dropped below $800 to $792. The price is trying to rise from $792, its low. It moved over the 50% Fib retracement level of the $827 swing high to $792 low decline.

The price is above $810 and the 100-hourly SMA. On the hourly BNB/USD chart, a contracting triangle with support around $804 is forming.

The upswing may encounter resistance at $815 or the 61.8% Fib retracement level of the decline from the $827 swing high to the $792 low. Near $820 is the next resistance. A decisive break over $820 might boost prices.

In this instance, BNB may reach $832. A closing over $832 barrier might lead to a rise above $840. More gains may test $850 soon.

Another Fall?
BNB may decrease if it fails to break $815 barrier. Initial negative support is $804. Near $800 is the next big support.

The major support is $792. If the price breaks below $792, it might fall to $780. More losses might cause a drop to $768.

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: $804, $792.

Key Resistance Levels: $815, $820.

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