6 0
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.

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.