BNB price is recovering higher from the $400 support zone. The price is now facing hurdles at $490 and might remain at risk of another decline.
BNB price started a recovery wave from the $400 support zone.
The price is now trading below $500 and the 100-hourly simple moving average.
There is a key bearish trend line forming with resistance at $490 on the hourly chart of the BNB/USD pair (data source from Binance).
The pair could start another decline if it fails to clear the $490-$500 resistance zone.
BNB Price Faces Key Hurdles
In the past few days, BNB price gained bearish momentum below $500 like Ethereum and Bitcoin. The price declined below the $450 and $435 support levels before the bulls emerged.
A low was formed at $403 and recently started a recovery wave. The price climbed above the $435 and $440 resistance levels. There was a move above the 23.6% Fib retracement level of the downward move from the $576 swing high to the $403 low.
It even cleared the $465 resista
We współpracy z: https://www.newsbtc.com/analysis/bnb/bnb-price-recovery-setbacks-500/
