Binance Coin (BNB) Price Analysis: Key Levels to Watch

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Binance Coin (BNB) is showing encouraging signs on the 4-hour chart, currently trading at $653 and holding above the EMA50. 

BNB Chart (Source Coingecko)

This suggests underlying bullish momentum.

Technical Indicators:
✅ RSI is positive but remains below 60, indicating there’s still room for further upside before becoming overbought.
✅ MACD is also showing a positive signal, supporting a continued bullish bias in the near term.

Key Price Levels:

  • Resistance: $657
    • A decisive breakout above this level could open the path toward the $670 zone.
  • Support: $650
    • Failure to break $657 may lead to a pullback to around $650.

Conclusion:
BNB is at a critical point. Traders should watch the $657 resistance closely. A move above it could confirm a push toward $670, while rejection may see prices retrace to support.

Stay tuned for further updates as BNB approaches these important levels.

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