$BNB

🏆 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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