BNBUSD +0.33%
BNB price is recovering from the $635 support level, showing signs of strength. The cryptocurrency is on an upward trajectory and may attempt another push toward the $700 resistance level.
Key Highlights:
BNB price is facing resistance near the $685 level.
The price is currently trading above $675 and the 100-hour simple moving average.
A breakout occurred above a key bearish trend line at $674 on the hourly BNB/USD chart (data from Binance).
The price must stay above $668 to sustain its upw
ard momentum
Disclaimer:
The information provided in this article is for informational and educational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always conduct your own research and consult with a professional financial advisor before making any investment decisions. Neither the author nor this publication is responsible for any financial losses incurred as a result of trading or investing in cryptocurrencies.