BNB value is gaining bullish momentum above the $550 resistance. The value is appearing sure indicators and would possibly lengthen its rally above $650.

• BNB value is up over 15% and it broke the $600 resistance zone.
• The value is now buying and selling above $580 and the 100 easy transferring reasonable (4 hours).
• There is a key bullish development line forming with fortify at $598 at the 4-hour chart of the BNB/USD pair (knowledge supply from Binance).
• The pair may proceed to upward push towards the $650 resistance zone and even $700.

BNB Price Extends Rally

In the ultimate BNB value prediction, we mentioned the probabilities of extra beneficial properties above the $500 resistance zone. The value persevered to upward push and broke many hurdles close to the $550 stage.

BNB is now outperforming Bitcoin and Ethereum with a transfer above the $580 resistance. It is up over 10% these days and buying and selling above $600. A prime used to be shaped close to $633 and the value is now consolidating beneficial properties. It is buying and selling above the 23.6% Fib retracement stage of the upward transfer from the $364 swing low to the $633 prime.

The value is now buying and selling above $600 and the 100 easy transferring reasonable (4 hours). Immediate resistance is close to the $625 stage. The subsequent resistance sits close to the $635 stage. A transparent transfer above the $635 zone may ship the value additional upper.

Source: BNBUSD on TradingView.com

In the said case, BNB value may check $650. An in depth above the $650 resistance would possibly set the tempo for a bigger build up towards the $700 resistance. Any extra beneficial properties would possibly name for a check of the $780 stage within the coming days.

Dips Limited?

If BNB fails to transparent the $635 resistance, it might get started a problem correction. Initial fortify at the problem is close to the $600 stage and the rage line.

The subsequent main fortify is close to the $570 stage. The primary fortify sits at $500 or the 50% Fib retracement stage of the upward transfer from the $364 swing low to the $633 prime. If there’s a problem smash under the $500 fortify, the value may drop towards the $450 fortify. Any extra losses may begin a bigger decline towards the $420 stage.

Technical Indicators

4-Hours MACD – The MACD for BNB/USD is gaining tempo within the bullish zone.

4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is lately above the 50 stage.

Major Support Levels – $600, $570, and $500.

Major Resistance Levels – $635, $650, and $700.

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