NewsBTC
11 April 2025
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BNB Price Attempts Recovery Above $575 Amid Resistance Near $600

BNB is recovering from the $535 support level, currently consolidating gains. Key price levels include:

  • Attempting to recover above $575 resistance.
  • Trading above $565 and the 100-hourly simple moving average.
  • Support forming at $565 on the hourly chart.
  • Must remain above $560 for further upward movement.

Price Movement Overview

BNB has moved above key resistance levels of $550 and $560, reaching a high of $586 before correcting. Currently, it trades below $575 after dipping past the 23.6% Fibonacci retracement level from $534 to $585.

BNB Price

Resistance levels are identified at $580 and $585. A clear break above $585 could lead to a test of $592 and potentially $600. More gains may push towards $620.

Potential Decline

If BNB does not surpass $588, a decline is possible. Key support levels include:

  • $570
  • $565
  • Main support at $560

A drop below $560 could see prices approach $550, with further declines targeting $535.

Technical Indicators

  • Hourly MACD is bullish.
  • RSI is above 50.