BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	91,614,953,725	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

91,614,953,725

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	20.70	3.69%	581.29	581.01	581.48

Price Change

Price Change %

Current Price

Bid Price

Offer

20.70

3.69%

581.29

581.01

581.48

High Price	Low Price	Open Price	Prev. Close	52 Week Range
581.66	559.19	561.15	560.59	210.00 - 683.83

High Price

Low Price

Open Price

Prev. Close

52 Week Range

581.66

559.19

561.15

560.59

210.00 - 683.83

Exchange	Last Trade	Size	Trade Price	Currency
BINA	18:52:59	0.036000	581.23	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

18:52:59

0.036000

581.23

USD

Price x Volume	Volume	Base Symbol	Related Pairs
21,438,006.24	36,752.64	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

21,438,006.24

36,752.64

BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

23/04/2024 6:13am

NEWSBTC

BNB price is attempting a fresh increase from the $550 zone. The price cleared the $600 resistance and might extend its increase above $630. BNB price started a fresh increase after it cleared the $550 resistance zone. The price is now trading above $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $608-$610 resistance zone. BNB Price Gains Strength After forming a base above the $520 level, BNB price started a fresh increase. There was a steady increase above the $550 and $565 resistance levels, like Ethereum and Bitcoin. The bulls pushed the price above the $580 pivot level and the 61.8% Fib retracement level of the downward wave from the $630 swing high to the $512 low. More importantly, the price is now trading above $580 and the 100 simple moving average (4 hours). It is consolidating just above the 76.4% Fib retracement level of the downward wave from the $630 swing high to the $512 low. There is also a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair. Source: BNBUSD on TradingView.com Immediate resistance is near the $608 level. The next resistance sits near the $630 level. A clear move above the $630 zone could send the price further higher. In the stated case, BNB price could test $650. A close above the $650 resistance might set the pace for a larger increase toward the $680 resistance. Any more gains might call for a test of the $720 level in the coming days. Are Dips Supported? If BNB fails to clear the $608 resistance, it could start a downside correction. Initial support on the downside is near the $592 level and the trend line. The next major support is near the $585 level. The main support sits at $570. If there is a downside break below the $570 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $532 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $592, $585, and $570. Major Resistance Levels – $608, $630, and $650.

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BNBUSD Binance Coin