BNB Price Aims To Reclaim $600: Will The Bulls Succeed?

Oct 28, 2024 06:00 am Cryptocurrency 11
BNB Price Aims To Reclaim $600: Will The Bulls Succeed?

BNB price corrected gains below the $580 level. The price is now recovering higher and facing hurdles near the $590 resistance zone.


  • BNB price started a downside correction from the $600 resistance zone.

  • The price is now trading below $590 and the 100-hourly simple moving average.

  • There was a break above a connecting bearish trend line with resistance at $585 on the hourly chart of the BNB/USD pair (data source from Binance).

  • The pair must stay above the $590 level to start another increase in the near term.

    • BNB Price Aims Fresh Increase


    After struggling above $605, BNB price saw a downside correction. The price dipped below the $590 and $585 support levels like Ethereum and Bitcoin.


    There was a move below the $580 and $575 levels. The price even dipped below $572 before the bulls appeared near $590. A low was formed ..

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