The BNB price is combined over the support area of $ 665. The price now offers positive signs and may aim to further gain in the short term.
- The BNB price tries to recover from the $ 655 support area.
- The price is now trading to less than $ 675 and the simple moving average is 100 hours.
- There was a break over the landline line connected to resistance at $ 665 on the watch chart for the BNB/USD (data source from Binance).
- The pair should remain above the level of $ 660 to start another increase in the short term.
BNB Eyes Prices of Fixed Events
After forming a base higher than the level of $ 652, the BNB price started a new increase. There was a step higher than the resistance levels of 655 and $ 665, such as ETHEREUM and Bitcoin.
There was a decent step higher than the RENDRACTION level 23.6 % of FIB for the last decrease from the 691 dollars to $ 653. Moreover, there was a break over the landline line connected to resistance at $ 665 on the watch chart for the BNB/USD pair.
The price is now trading to less than $ 675 and the simple moving average is 100 hours. On the upper side, the price may face resistance near the level of $ 672. It is close to the RENDRACTION level 50 % of FIB to the last decrease from the highest level in 691 dollars to the level of $ 653.
The following resistance is located near the level of $ 677. It can send a clear step over the $ 677 price price up. In the aforementioned case, the BNB price can test $ 680. The closure over the resistance of $ 680 may determine the pace of a larger step towards resisting $ 685. Any other gains may require a 700 -term test in the short term.
Another retreat?
If BNB fails to wipe the $ 675 resistance, it may start to decrease. Initial support on the negative side is near the level of $ 665. The next main support is near the level of $ 662.
The main support sits at $ 655. If there is a break on the downside without supporting $ 655, the price may decrease towards support of $ 650. Any other losses can start a greater decrease towards the level of $ 642.
Technical indicators
Every MACD Watch – Macd is acquired for BNB/USD a pace in the upscale area.
RSI Hour (Relative Power Index) – RSI for BNB/USD higher than 50 level.
Main support levels – $ 662 and $ 655.
Main resistance levels – $ 672 and $ 680.
