BNB Price Stalls as Altcoins Rally—Can Bulls Regain Control?
koinmilyoner
Updated at: 21 hours ago
{"content":"BNB Price Stalls as Altcoins Rally—Can Bulls Regain Control?
BNB is reversing gains from $708. The price is experiencing obstacles at $692 and may drop to $675.
BNB price is trying to rebound from $675.
The price is below $690 and the 100-hourly SMA.
On the hourly BNB/USD chart, a negative trend line with resistance at $692 is forming.
To rise soon, the pair needs hold above $680.
BNB Price Struggles
BNB price failed to break $710 after a steady rise. The price corrected below $690 and $680, unlike Ethereum and Bitcoin.
Even below $678, the price tested $675. Price has fallen to $674 and is trying to rebound. Price rose beyond $680. Price rose beyond the 50% Fib retracement level of the $707 swing high to $674 low decline.
Bears are active near $692. On the hourly BNB/USD chart, a negative trend line with resistance at $692 is forming. The price is below $690 and the 100-hourly SMA.
Price may find resistance at $692 on the upside. Next barrier is $695, the 61.8% Fib retracement level of the decline from the $707 swing high to the $674 low.
A decisive break over $695 might boost prices. In this instance, BNB may reach $708. A closing above $708 resistance might lead to a rise above $720. More gains may test $732 soon.
Another Fall?
BNB may fall again if it fails to break $692 barrier. Initial downside support is $682. Near $680 is the next important support.
The major funding is $674. If the price breaks $674, it might fall to $665. More losses might cause a drop to $650.
Tech Indicators
Hourly MACD - BNB/USD MACD is falling in the positive zone.
Hourly RSI (Relative Strength Index): BNB/USD is below 50.
Major Support Levels: $685, $680.
Key Resistance Levels: $692, $708.
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