BNB Price Sets Up for a Comeback: Bulls Eye Higher Levels

Nov 26, 2024 06:00 am Cryptocurrency 106

BNB price is consolidating near the $640 zone. The price is holding the $625 support and might aim for a move above the $660 resistance.

BNB price started a downside correction from the $685 resistance zone.

The price is now trading below $650 and the 100-hourly simple moving average.

There is a key declining channel forming with resistance at $660 on the hourly chart of the BNB/USD pair (data source from Binance).

The pair must stay above the $625 level to start another increase in the near term.

BNB Price Holds Support

After a close above the $640 level, BNB price extended its increase. However, upsides were limited above $685 and the price remained capped, unlike Ethereum and Bitcoin.

There was a move below the $666 and $650 levels. However, the price is now holding gains above the $625 level. A low ..

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