BNB price fixed higher than the support level of $ 665. Nowadays, the price indicates positive signals and may target more profits in the short term.
Main meals:-
- The BNB price targets a recovery from the support level of $ 665.
- Nowadays, the price is traded less than $ 675 and the simple moving average for 100 hours.
- On the BNB/USD aroma (from Binance), the price moved over the downtown line, which was resistant at $ 665.
- The pair should remain higher than $ 660 to start another short -term increase.
BNB aims to increase a stable price
The BNB price remained fixed above 652 dollars, and then started to rise again. Resistance points exceeded $ 655 and $ 665, similar to what happened with Ethereum and Bitcoin.
The price rose well across the Fibonacci level by 23.6 %, which is part of the last decline from $ 691 to $ 653. Also, on the BNB/USD watch chart, the price has collapsed over the declining direction line, which served as resistance at $ 665.
Nowadays, the price is traded less than $ 675 and the simple moving average for 100 hours. The price can suffer from resistance near the level of $ 672 on the upward trend. It is close to the RENDRACTION level 50 % of the current decline from $ 691 fluctuates to the level of $ 653.
The following resistance is about $ 677. If the price exceeds this level clearly, it may rise more. In this case, BNB may reach $ 680. If you stay above $ 680, it may continue to move about $ 685. If the price continues to climb, it may test the level of $ 700 soon.
Another retreat?
If BNB is not able to rise above $ 675, its price may start to decrease again. The first place that can find support is about $ 665. If it decreases further, the next strong support is approaching $ 66. The main support is $ 665. If there is a declining trend under $ 655 support, the price may decrease towards support of $ 650. Any other losses can start a greater decrease towards the level of $ 642.
Technical indicators
RSI Hour (Relative Power Index) – RSI for BNB/USD higher than 50 level.
MACD every hour (moving average rapprochement) – MACD for BNB/USD increases the pace in the upper area.
• 662 dollars and $ 655 – main support levels
• 672 dollars and $ 680 – the main resistance levels
Also read:- ETH price is sliding after the last gathering- where can it go after that?
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