BNB Price Faces Resistance at $815 Amid Support at $804

BNB Price Update

BNB price is correcting after reaching $825 and is currently below the $815 support zone.
The price is above $800 and the 100-hourly simple moving average.
A contracting triangle is forming with support at $804 on the hourly chart.
The price needs to stay above $792 to initiate another increase.

Current Market Dynamics

BNB has not surpassed the $830 level, leading to a correction below $820 and $815. The lowest point was $792, where a fresh increase attempt began.

Currently, BNB is trading above $810 and the 100-hourly simple moving average. Resistance is expected near $815 and potentially at $820, with further upside possible if those levels are cleared.

If successful, BNB could test resistance at $832, with potential gains toward $840 and $850.

Downside Risks

If BNB does not break the $815 resistance, it may decline. Key support levels are:

$804
$800
$792 (main support)

A drop below $792 could lead to further declines toward $780 and $768.

Technical Indicators

Hourly MACD indicates bullish momentum.

RSI is above 50, suggesting positive market sentiment.