BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

Apr 23, 2024 06:00 am Cryptocurrency 125

BNB price is attempting a fresh increase from the $550 zone. The price cleared the $600 resistance and might extend its increase above $630.

BNB price started a fresh increase after it cleared the $550 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 $592 on the 4-hour chart of the BNB/USD pair (data source from Binance).

The pair could gain bullish momentum if it clears the $608-$610 resistance zone.

BNB Price Gains Strength

After forming a base above the $520 level, BNB price started a fresh increase. There was a steady increase above the $550 and $565 resistance levels, like Ethereum and Bitcoin.

The bulls pushed the price above the $580 pivot level and the 61.8% Fib retracement level of the downward wave ..

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