BNB once again demonstrated its immunity and strength, piercing the key level of resistance of 605 USD. This milestone, achieved after weeks of testing and consolidation, aroused renovated interest among investors and investors. After the turn, BNB entered the price stabilization phase, conveniently maintaining over 605 USD and transforming it into a solid support zone.
This consolidation phase is a classic sign of a vigorous market because it allows the resource to catch your breath after significant movement up. He also suggests that the breakthrough was supported by real pressure, not compact -term speculation. Because the level of 605 USD is currently acting as a stepping stone, the stage is set for BNB to direct higher price levels in the coming days or weeks.
BNB Price Action: Stability above 605 USD Signals Strength
The BNB ability to maintain above the resistance level of USD 605 after the breakfast reflects the stubborn shoot. His stability indicates that the buyers defend the level of breakthrough, strengthening its importance as a fresh support zone. Continuous trade above this level can pave the way for further benefits towards the goals of nearly 630 USD and USD 650.
Technical indicators strengthen the BNB breakthrough, signaling that the stubborn rush remains intact. MacD still trains in positive territory, with the MacD line remains above the signal line. This positioning suggests that the pressure of purchase remains dominant and the possibility of further profits remains sturdy. In addition, the histogram bars are expanding, reflecting the growing stubborn rush.
In addition, the 100-day straight average movable (SMA) acts as animated support, with BNB trade above it, which means that a wider trend remains stubborn, and any decreases to this level can be the possibility of purchase.
If BNB maintains the momentum, it can aim at USD 680, strengthening its stubborn perspectives. Breaking above the level can attract more buyers, increasing the chances of a sturdy rally. Currently, USD 680 serves as a key resistance, and cleaning it with sturdy volume can cause traffic up to 724 USD in the medium period.
Support zones to view in case of withdrawal
If BNB experiences withdrawal, the level of 605 USD will be the first key support to watch, because it rejected resistance to support. Maintaining this level can strengthen the stubborn rush and signal that the buyers are defending a breakthrough.
However, if the escalate in sales pressure and 605 USD does not persist, the demand zone worth USD 531 enters, which historically provided sturdy support. The reflection from this level would indicate the buyer’s strength, but the break below will expose BNB to a greater disadvantage before the next stubborn attempt. The extended correction can focus on USD 500, which is in line with 100-day SMA and previously served as a significant turn point for price collections.
