BNB Price Rises Above $920, Eyes Further Gains Toward $950

BNB is experiencing an upward trend, trading above the $920 mark and the 100-hourly simple moving average. Key support exists at $925 on the hourly chart, with a bullish trend line forming.

  • BNB price increased from a base above $880, surpassing [Ethereum](https://holder.io/coins/eth/) and [Bitcoin](https://holder.io/coins/btc/).
  • A new high was marked at $950 before consolidation began.
  • Price dipped below the 23.6% Fib retracement level from $871 to $950 but remains above $920.

BNB Price

Upside Potential:

  • Resistance levels are at $935 and $942. Clearing $942 could propel BNB towards $950 and potentially $965 or even $1,000.

Downside Risks:

  • If unable to breach $935 resistance, support levels are at $920 and $910, with major support at $900.
  • A break below $900 could lead to further declines toward $888 or $872.

Technical Indicators:

  • Hourly MACD: Bullish momentum.
  • Hourly RSI: Above 50.