BNB price is consolidating above the $665 support zone. The price is now showing positive signs and might aim for more gains in the near term.

BNB price is attempting to recover from the $698 support zone.

The price is now trading below $696 and the 100-hourly simple moving average.

There was a break above a connecting bearish trend line with resistance at $694 on the hourly chart of the BNB/USD pair (data source from Binance).

The pair must stay above the $700 level to start another increase in the near term.