BNB Price Tops $600: Can the Rally Continue?

Sep 23, 2024 08:00 am Cryptocurrency 4

BNB price started a fresh increase above the $550 resistance zone. The price is now consolidating near $600 and might aim for more gains.

BNB price started a fresh increase above the $550 resistance zone.

The price is now trading below $580 and the 100-hourly simple moving average.

There is a key bullish trend line forming with support at $585 on the hourly chart of the BNB/USD pair (data source from Binance).

The pair must stay above the $575 level to start another increase in the near term.

BNB Price Extends Rally

In the past few days, BNB outperformed Ethereum and Bitcoin. It remained stable above $535 and started another increase above the $542 resistance zone.

There was a move above the $550 and $565 resistance levels. The price even surged above $580 and tested the $600 resistance zone. A high is ..

Support the originator by clicking the read the rest link below.