BNB is showing resilience as it approaches a critical level, currently trading at $597.2 with a marginal decline of 0.08% at press time.
s showing resilience as it approached a critical level, trading at $597.2 with a marginal decline of 0.08% at press time.
Let’s analyze the current price action, key technical levels, and momentum indicators to understand if this breakout is possible.BNB has been trading within a range-bound structure, moving between $560 and $600 for several weeks. This follows a consistent uptrend from August’s low of around $500, reflecting increasing buying pressure.
Conversely, the $560 support level remains intact for now, providing a safety net should the price pull back. Failure to hold $560 could lead to a deeper decline toward the $500 mark.
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