Binance Coin （BNB） has started to recover from its recent lows, showing promising signs of a continued uptrend. Currently trading above $515, BNB is eyeing the critical $535 resistance level, which, if surpassed, could lead to further gains.
Points
- BNB is recovering from a $500 support level, now trading above $515.
- A key resistance at $535 must be cleared for BNB to continue its upward trajectory.
- A break above $550 could open the path to further gains toward $565 and possibly $580.
- Failure to break $535 could lead to another decline toward $500.
Binance Coin （BNB） is making a strong recovery after finding support at the $500 level. The cryptocurrency has since moved into a short-term bullish zone, trading above $515 and staying above the 100-hourly simple moving average （SMA）. This recovery has brought BNB closer to a critical resistance level at $535, which could determine its next move.
The $535 level is particularly important because it sits within a rising channel pattern, with resistance forming at this level on the hourly chart of the BNB/USD pair. If BNB manages to break above this resistance, it could gain bullish momentum, pushing the price toward the $550 level. A successful break and close above $550 would likely set the stage for a larger increase, potentially taking BNB toward the $565 resistance. In an even more bullish scenario, BNB could target the $580 level.
However, there is a risk that BNB may fail to break above the $535 resistance. In such a case, the cryptocurrency could start another downward move, with initial support near the $520 level. Should the $520 support fail to hold, the next major support lies at $508. A breakdown below this level could trigger a larger decline, possibly dragging BNB back to the $500 support level. Further losses could even push the price towards the $480 mark.
Technical indicators offer mixed signals at this juncture. The hourly MACD is gaining pace in the bullish zone, suggesting that buying interest is building. Meanwhile, the hourly RSI is currently above the 50 level, indicating that the market is leaning toward bullishness but is not yet overbought.
Overall, BNB’s price action in the coming days will likely depend on whether it can clear the $535 resistance. If successful, it could pave the way for significant upside. Conversely, failure to break this level could see BNB retrace to lower support levels, putting its recovery at risk.
解説
- Key Resistance Levels: The $535 resistance is a crucial barrier for BNB. Clearing this level could signal a continuation of the current uptrend, potentially leading to significant gains.
- Technical Indicators: The MACD and RSI are showing bullish signals, but the market’s reaction at the $535 level will be critical in determining the next move.
- Potential Downside Risks: If BNB fails to break through the $535 resistance, it risks falling back toward the $500 level. This would likely weaken the current bullish momentum and could lead to a period of consolidation or further decline.