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

-

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.

Join my Telegram channel for daily Crypto & Commodity trading signals - 100% free!

👉 Link: https://t.me/bwtinternational

Comments

Post a Comment

Popular posts from this blog

Ethereum Heading Towards $4,000:

-
Big Potential Ahead! Ethereum is close to hitting $4,000, following a strong rising trend. Experts believe that if ETH breaks its past high of $4,500, it could reach $5,000–$5,500 in the next bull run. Some even predict ETH could hit $6,000–$7,000 if it continues to rise. Hold tight—big gains could be coming!
Read more

🚀 XRP Price Update – Is a Breakout Coming?

-
XRP is trading at $2.81, up 1.89% in the last 24 hours.  With strong resistance at $3.00,  a breakout could push XRP toward $3.20 or its ATH $3.38+! Key levels to watch: 🔹 Resistance : $3.00 - $3.20 (Break = 🚀) 🔹 Support : $2.50 - $2.20 (Pullback zone) 🔹 Sentiment : Bullish, but Fear & Greed Index at 50 (Neutral) A breakout above resistance will confirm further upside momentum.
Read more

Why Is Bitcoin Going Up? BTC Hits $97K After Buy Signal

-
Bitcoin (BTC) is going up, reaching $97,000 on January 14, 2025. It dropped below $90,000 on Monday, which worried some people. The price is rising because of a strong buy signal at $92,000. Experts think Bitcoin could reach $103,000 or even its highest price of $108,000 soon. Could Bitcoin reach $1 million? Some say it’s possible, but others think it will stay lower in 2025. 
Read more