BNB price is around 500🌕
🌕BNB price is rising above the $350 barrier. The price may rise above the 400 resistance soon.
🌕The $365 barrier is positive on BNB price.
🌕The price is above $375 and the 100 SMA.
🌕There are bullish trend lines forming with support at $380 on the 4-hours chart of BNB/USD.
🌕The pair can reach the $400 or $422 barrier.
🌕BNB price increase continues
🌕In our last BNB price prediction, we predicted additional increases above $365. The bulls continued to rally the price above $375.
🌕BNB surpassed the $380 mark, outperforming Bitcoin and Ethereum. The price is consolidating gains after reaching 390. This is above the 23.6% Fib retracement from the $345 low to $390 low.
🌕The price is above $375 and the 4-hours SMA is above 100. There is a bullish trend line forming with support at $380 on the 4-hours chart of BNB/USD.
🌕BNB Price
🌕Resistance around $390 is immediately visible. The next resistance is near $392. A clear break above $392 could increase prices. In this case, BNB can reach all 400. A continuation above $400 could lead to a stronger move above $422. Any further progress could test $500 in the coming weeks.
🌕Whether you have falls or not?
🌕BNB could decline if it fails to break the $390 resistance. The trend line and $380 levels provide downside support.
🌕The 61.8% Fib retracement level of the rally towards the 345 high is the next important support at $362. Key support is $350. If the price falls below $350, it may drop towards 335. Further losses could lead to a decline in the 315 direction.
🌕Technology Indicators
🌕4-Hour MACD – BNB/USD MACD is rising in the positive zone.
🌕4-Hourly RSI – BNB/USD's RSI is above 50.
🌕Main Support Levels: $380, $362, $350.
🌕Key Resistance Levels: $390, $400, $422.
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