BNB price analysis: BNB hit $ 641 ATH while Bull Penant explodes completely

BNB price set ATH at $ 641 The bull pennant exploded completely. The price is grappling with great resistance. BNB blew up this market cycle with an increase of over 5000%. BSC (Binance Smart Chain) used it a lot as it refused to withdraw BNB, showing that the bears have no control over prices. The main resistance area near $ 640 is the level to watch now. To get a new ATH and continue the incredible bull run, BNB has to break and stick with it. If this level continues, expect prices to reach the first target range of $ 707 with a second target of 772. BNB Price Analysis: Daily BNBUSDT chart minor support for BNB around $ 597. If the challenge is $ 640, it is the first prize that can be made in the field. If this small support does not continue, we should be prepared for a larger drop towards the support range between $ 526 and $ 550. This range lands 25 MA land and a respectable long-term trend line. If BNB cannot hold this region, a much larger drop will occur. The MACD has been consolidating in a horizontal move since last week. At the time of writing the MACD is printing bullish signals. If we look at the RSI, a similar consolidation is underway. The RSI needs to break the 70 level to confirm a new uptrend towards the target range. BNB Intraday Levels Spot Price: $ 620 Trend: Bull Volatility: High Support: $ 597 Resistance: $ 640 Post-BNB Price Analysis: BNB reached ATH at $ 641 as the Bull Penant exploded completely for the first time in Coingape.

Join the Discussion

Back to top