The BNB currency has recently witnessed interesting technical movements, managing to maintain strong support at the $540 level, which enhances positive expectations in the short to medium term.
Technical Outlook:
General Trend: The currency remains within an upward channel since the beginning of April, indicating the continuity of positive momentum.
Support and Resistance:
Main Support: $540
Secondary Support: $565
First Resistance: $590
Strong Resistance: $610, representing the upper limit of the upward channel.
Technical Indicators:
The RSI indicator is currently around 58, indicating relative neutrality with a slight bias towards buying, without being overbought.
The MACD indicator shows a positive crossover, supporting the likelihood of continued upward movement.
Trading volume is gradually increasing, reflecting growing interest from investors.
Expected Scenario:
If the price can break through the resistance at $590 firmly, we may see a surge towards $610 then $640 in the coming weeks. However, if the support at $540 is broken, it may retest levels of $500 - $515.
$BNB dollars before attempting a new rebound.
