BNB/USD - Strong bounce! Another try at ATH? 😍

19 בנוב׳ 2021

Last week, BNB had a strong rally which was stopped in its tracks before reaching the all-time high at $692. This week, bears took control of the price and pushed it all the way down to the support at $516. For this reason, BNB’s price fell 10% over the past seven days.

The current resistance for BNB is found at $600. Since touching the support level yesterday, the cryptocurrency is back on the uptrend, but the resistance at $600 will be the real test for bulls. If BNB is successful in breaking this key resistance, then the rally can continue for a new attempt at reaching the all-time high.

Looking ahead, the indicators for BNB give mixed signals, with a bearish daily MACD and an RSI that is trying to curve back up. The fight at the $600 resistance is likely to decide the winner in the coming week.

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