BNB Price Recovers Above $675 After Hitting $637 Low

BNB Price Analysis

BNB price is recovering from the $635 support zone.
Current trading above $675 and the 100-hourly SMA.
Resistance at $685 remains a challenge to clear.
Break above bearish trend line with resistance at $674 confirmed.
Must maintain above $668 for potential upward momentum.

After peaking at $691, BNB price pulled back below $685 and reached a low of $637. A recovery has taken the price back above $650 and past the 50% Fibonacci retracement level of the decline.

If BNB surpasses $685, next resistances are at $692 and potentially $700. A close above $700 may lead to further increases towards $720 and $732.

Conversely, failure to breach $685 could result in declines, with initial support near $675, followed by $668 and major support at $655. A drop below $655 risks falling to $635 and potentially $620.

Technical Indicators show MACD gaining bullish momentum and RSI above 50.

Key Support Levels: $675, $668, $655

Key Resistance Levels: $685, $692