BNB price is attempting a fresh increase from the $545 zone. The price could gain bullish momentum if it clears the $585 and $590 resistance levels.
BNB price started a fresh increase after it found support near the $545 zone.
The price is now trading above $560 and the 100 simple moving average (4 hours).
There is a key contracting triangle forming with resistance near $585 on the 4-hour chart of the BNB/USD pair (data source from Binance).
The pair could attempt a fresh rally if it clears the $590 resistance zone.
BNB Price Eyes Fresh Surge
After a downside correction from $620, BNB price found support near the $545 zone. A low was formed at $546.1 and the price started a fresh increase, unlike Ethereum and Bitcoin.
There was a move above the $560 and $565 resistance levels. The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $619 swing high to the $546 low. The price is now trading above $560 and the 100 simple moving average (
We współpracy z: https://www.newsbtc.com/analysis/bnb/bnb-price-rally-in-jeopardy-590/
