BNB Price Surges Past $980, Eyes $1,000 Resistance Level

BNB price is showing positive movement above the $980 level and could aim for a rise above $1,000 soon.

  • Price increased past $950 and $975, now trading above $980 and the 100-hour simple moving average.
  • A bullish trend line forms with support at $960 on the BNB/USD hourly chart (Binance data).
  • New all-time high reached at $995; the price is consolidating gains.

Resistance and Support Levels:

  • Resistance near $995 and $1,000. A move above $1,000 may target $1,050 and potentially $1,120.
  • If resistance at $995 holds, initial support is at $980. Further support lies at $970 and key support at $960.
  • A break below $960 could lead to declines toward $940 or $920.

Technical Indicators:

  • Hourly MACD: Gaining momentum in the bullish zone.
  • Hourly RSI: Above 50, indicating strength.

BNB Price