BNB price is gaining bullish momentum above the $550 resistance. The price is showing positive signs and might extend its rally above $650.
BNB price is up over 15% and it broke the $600 resistance zone.
The price is now trading above $580 and the 100 simple moving average (4 hours).
There is a key bullish trend line forming with support at $598 on the 4-hour chart of the BNB/USD pair (data source from Binance).
The pair could continue to rise toward the $650 resistance zone or even $700.
BNB Price Extends Rally
In the last BNB price prediction, we discussed the chances of more gains above the $500 resistance zone. The price continued to rise and broke many hurdles near the $550 level.
BNB is now outperforming Bitcoin and Ethereum with a move above the $580 resistance. It is up over 10% today and trading above $600. A high was formed near $633 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $364 swin
We współpracy z: https://www.newsbtc.com/analysis/bnb/bnb-price-breaks-600/
