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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.<\/em><\/p>\n

\n
BNB price started a fresh increase after it found support near the $545 zone.<\/li>\n
The price is now trading above $560 and the 100 simple moving average (4 hours).<\/li>\n
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).<\/li>\n
The pair could attempt a fresh rally if it clears the $590 resistance zone.<\/li>\n<\/ul>\n
BNB Price Eyes Fresh Surge<\/h2>\n
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<\/a> and Bitcoin<\/a>.<\/p>\n
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 (4 hours).<\/p>\n
Immediate resistance is near the $585 level. There is also a key contracting triangle forming with resistance near $585 on the 4-hour chart of the BNB\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $619 swing high to the $546 low.<\/p>\n
$\"BNB$ <\/a><\/p>\n
Source: BNBUSD on TradingView.com<\/a><\/p>\n
The next resistance sits near the $590 level. A clear move above the $590 zone could send the price further higher. In the stated case, BNB price could test $620. A close above the $620 resistance might set the pace for a larger increase toward the $640 resistance. Any more gains might call for a test of the $700 level in the coming days.<\/p>\n
Another Decline?<\/h2>\n
If BNB fails to clear the $590 resistance, it could start another decline. Initial support on the downside is near the $555 level and the trend line.<\/p>\n
The next major support is near the $545 level. The main support sits at $532. If there is a downside break below the $532 support, the price could drop toward the $500 support. Any more losses could initiate a larger decline toward the $465 level.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n
Major Support Levels \u2013 $555, $545, and $532.<\/p>\n
Major Resistance Levels \u2013 $585, $590, and $620.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 (4 hours). Immediate resistance is near the $585 level. There is also a key contracting triangle forming with resistance near $585 on the 4-hour chart of the BNB\/USD pair. It is close to the 50% Fib retracement level of the downward move from the $619 swing high to the $546 low. Source: BNBUSD on TradingView.com The next resistance sits near the $590 level. A clear move above the $590 zone could send the price further higher. In the stated case, BNB price could test $620. A close above the $620 resistance might set the pace for a larger increase toward the $640 resistance. Any more gains might call for a test of the $700 level in the coming days. Another Decline? If BNB fails to clear the $590 resistance, it could start another decline. Initial support on the downside is near the $555 level and the trend line. The next major support is near the $545 level. The main support sits at $532. If there is a downside break below the $532 support, the price could drop toward the $500 support. Any more losses could initiate a larger decline toward the $465 level. Technical Indicators 4-Hours MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level. Major Support Levels \u2013 $555, $545, and $532. Major Resistance Levels \u2013 $585, $590, and $620.<\/p>\n","protected":false},"author":67,"featured_media":512376,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[13291,86483,79546,79524,79611],"class_list":["post-601342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-coin","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"acf":[],"yoast_head":"\nBNB Price Rally In Jeopardy? 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