🌕The BNB price is approaching $500🌕
🌕BNB price is rising over $350 barrier. Price may rise over $400 resistance soon.
🌕Above $365 barrier, BNB price is positive.
🌕The price is over $375 and the 100 SMA.
🌕On the 4-hour BNB/USD chart, a bullish trend line with support at $380 is formed.
🌕The pair may advance to $400 or $422 barrier.
🌕BNB price increase continues
🌕In our recent BNB price forecast, we predicted additional increases over $365. Bulls kept pushing the price over $375.
🌕BNB broke $380 barrier to outperform Bitcoin and Ethereum. Price is consolidating gains after reaching $390. It is above the 23.6% Fib retracement of the $345 swing low to $390 high.
🌕Price is over $375 and the 4-hour SMA of 100. On the 4-hour BNB/USD chart, a bullish trend line with support at $380 is formed.
🌕BNB Price
🌕Resistance around $390 is immediate. Around $392 is the next resistance. A decisive break over $392 might boost prices. In this situation, BNB may reach $400. A closing over $400 might lead to a stronger move above $422. Any more advances may test $500 in the coming weeks.
🌕Support dips?
🌕BNB may fall if it fails to break $390 resistance. The trend line and $380 level provide downside support.
🌕The 61.8% Fib retracement level of the upward run from the $345 swing low to the $390 high is $362, the next significant support. The key support is $350. If the price breaks below $350, it might fall to $335. More losses might cause a drop to $315.
🌕Tech Indicators
🌕4-Hours MACD – BNB/USD MACD is rising in the positive zone.
🌕4-Hours RSI – BNB/USD's RSI is over 50.
🌕Major Support Levels: $380, $362, $350.
🌕Key Resistance Levels: $390, $400, $422.
