BNB price started a fresh increase above the $550 resistance zone. The price is now consolidating near $600 and might aim for more gains.
BNB price started a fresh increase above the $550 resistance zone.
The price is now trading below $580 and the 100-hourly simple moving average.
There is a key bullish trend line forming with support at $585 on the hourly chart of the BNB/USD pair (data source from Binance).
The pair must stay above the $575 level to start another increase in the near term.
BNB Price Extends Rally
In the past few days, BNB outperformed Ethereum and Bitcoin. It remained stable above $535 and started another increase above the $542 resistance zone.
There was a move above the $550 and $565 resistance levels. The price even surged above $580 and tested the $600 resistance zone. A high is formed at $599.7 and the price is now consolidating above the 23.6% Fib retracement level of the upward move from the $576 swing high to the $600 high.
The price is now trad
We współpracy z: https://www.newsbtc.com/analysis/bnb/bnb-price-tops-600/
