BNB Price Consolidates Above $605, Eyes Gains Toward $650

BNB Price Analysis

BNB is consolidating above the $605 support zone.
The price has risen above $612 and the 100-hourly simple moving average.
A bullish trend line has formed with support near $622 on the hourly chart.
Maintaining levels above $612 is crucial for potential gains.

Price Movement

BNB has shown positive movement after stabilizing above $600, surpassing resistance at $605 and $612. A recent high was noted at $629, with current trading above $622.

Resistance levels are identified at:

$628
$630
$642
$650
$655

Clear movement above $630 may lead to testing $642 and potentially $650.

Potential Decline

If BNB does not break through $630, a decline might occur. Key support levels include:

$622
$620
$612
$605

A drop below $612 could prompt further declines towards $605 or lower.

Technical Indicators

Hourly MACD indicates bullish momentum.
RSI is above the 50 level.