Key Support level: $417
Key Resistance level: $520, $692 (ATH)
Since March 2021, BNB has formed a huge ascending triangle (colored in blue). A break above would signal that a new all-time high is in the cards. At the time of this post, BNB appears on a clear path to test the key resistance at $520 after a successful test of the support at $417.
If BNB is successful in breaking above the key resistance, the price can rally towards the current all-time high at $692.
Technical Indicators
Trading Volume: The good volume at the critical support pushed BNB quickly towards the current resistance. This shows that the demand for BNB remains high, and if the momentum can be maintained, the $520 resistance will be tested soon.
RSI: The daily RSI is close to making a higher high which would further consolidate the bullish bias.
MACD: The daily MACD did a bullish cross last Thursday, and momentum has increased since. The true test of this rally will be the key resistance.
Bias
The current bias is bullish. However, the key resistance at $520 may put the bulls in trouble if the price is rejected there.
Short-Term Prediction for BNB Price
BNB has shown tremendous strength during this most recent correction, managing to hold at the key support. Moreover, now, the price is erasing most of the losses. The first key challenge is for BNB to move above $520.
Check live crypto rates here
Start trading today – See our list of exchanges
Well I sincerely enjoyed studying it. This information provided by you is very effective for correct planning.
This actually answered my drawback, thanks!
You have noted very interesting details! ps decent web site. “High school is closer to the core of the American experience than anything else I can think of.” by Kurt Vonnegut, Jr..
Some really nice and utilitarian info on this web site, as well I think the style and design contains fantastic features.
I have been absent for some time, but now I remember why I used to love this website. Thanks , I¦ll try and check back more frequently. How frequently you update your site?
Precisely what I was looking for, regards for putting up.
I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more enjoyable for me to come here and visit more often. Did you hire out a developer to create your theme? Outstanding work!
Thanks for your whole efforts on this website. Gloria really loves engaging in investigation and it’s really simple to grasp why. We hear all about the compelling form you render powerful suggestions through your web site and in addition invigorate participation from some others on the theme and our child is truly discovering so much. Take pleasure in the rest of the new year. You are always performing a fabulous job.
F*ckin’ amazing issues here. I’m very satisfied to peer your article. Thank you a lot and i am having a look ahead to touch you. Will you kindly drop me a e-mail?
of course like your web site but you have to test the spelling on several of your posts. Many of them are rife with spelling problems and I in finding it very bothersome to tell the truth nevertheless I?¦ll certainly come again again.
You made various nice points there. I did a search on the matter and found nearly all people will agree with your blog.