BNB Price Consolidates Above $600 Support Zone for Potential Gains
BNB price is currently consolidating above the $595 support level, trading near $602 and the 100-hourly simple moving average.
- Recovery attempt from the $600 support zone
- Key rising channel forming with support near $600
- Must hold above $598 to initiate another increase
- Resistance levels at $606 and $610; a move above $610 could target $620
- If resistance at $610 is not cleared, support levels are at $600, $598, and $592
- Break below $592 could lead to declines toward $585 and $580
Technical indicators show bullish momentum, with MACD gaining pace and RSI above 50.
