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Binance Coin Price Analysis: BNB Breaks Above $600, Is ATH in Sight?

Key Support level: $516
Key Resistance level: $600; 692
BNB rallied over 10% today and broke the $600 level before being pushed back by the bears. The momentum remains very strong for BNB, and a test of the all-time high at $692 becomes more likely every day.
This surge follows a major break from the blue pennant, which was successfully tested as support. With a clear path higher, BNB is expected to be a top performer in the current bull market.
Chart by TradingView
Technical Indicators of SHIB Price
Trading Volume: Strong volume sustained the price increase on this rally, and there are no signs of weakness yet. BNB might be able to continue higher before any significant pullback.
RSI: The RSI just broke above 70 points on the daily timeframe. There is still plenty of room higher. Once the RSI reaches 80 points, it is time to become careful since this is an area where the price reversed in the past.
MACD: Strong bullish momentum on the MACD moving averages and histogram. The daily time

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