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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.
