BNB Price Forecast: Analyst Identifies 3 Key Support Levels That May Influence the Next Direction
BNB Price Pullback: The BNB price has recently pulled back, prompting analysts to focus on key support levels that could influence its future direction, with significant interest around $563.94, $660, and $853.
Resistance to Support Transition: BNB may be converting a major resistance zone between $600 and $850 into support, which could indicate a strong macro trend if buyers continue to step in after the recent pullback.
Current Trading Status: As of now, BNB is trading near $817.52, positioned above critical support levels, suggesting that if buyers maintain this level, a rebound towards previous highs above $1,000 is possible.
Market Outlook: The overall sentiment remains positive for BNB, with historical support levels indicating that its behavior in these zones will be crucial for determining the next significant price movement.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BNB
Technical Sentiment Analysis for BNB (BNB) As of , BNB (BNB) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BNB stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BNB is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
BNB (BNB) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 235.379 | 402.719 | 571.989 | 739.329 | 908.599 | 1075.939 | 1245.209 |
| Fibonacci | 402.719 | 531.304 | 610.744 | 739.329 | 867.914 | 947.354 | 1075.939 |
About BNB
About the author
