BNB Price Breakout Watch – Can Price Blast Through $900 Resistance?

BNB price is gaining pace above the $865 ￰0￱ price is now showing positive signs and might aim for a move above the $900 handle in the near ￰1￱ price started a fresh increase above the $850 and $865 ￰2￱ price is now trading above $870 and the 100-hourly simple moving ￰3￱ is a key bullish trend line forming with support at $874 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $870 level to start another increase in the near ￰4￱ Price Regains Strength BNB price formed a base above the $840 level and started a fresh increase, beating Ethereum and ￰5￱ was a steady move above the $850 and $865 ￰6￱ bulls even cleared the $875 resistance zone.

A high was formed at $884 and the price is now consolidating ￰7￱ is well above the 23.6% Fib retracement level of the upward move from the $841 swing low to the $884 ￰8￱ price is now trading above $875 and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support at $874 on the hourly chart of the BNB/USD ￰9￱ the upside, the price could face resistance near the $882 ￰10￱ next resistance sits near the $885 level. A clear move above the $885 zone could send the price ￰11￱ the stated case, BNB price could test $892. A close above the $892 resistance might set the pace for a larger move toward the $900 ￰12￱ more gains might call for a test of the $920 level in the near ￰13￱ Pullback?

If BNB fails to clear the $885 resistance, it could start another ￰14￱ support on the downside is near the $875 ￰15￱ next major support is near the $865 level or the 50% Fib retracement level of the upward move from the $841 swing low to the $884 ￰16￱ main support sits at $855. If there is a downside break below the $855 support, the price could drop toward the $872 ￰17￱ more losses could initiate a larger decline toward the $835 ￰18￱ Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish ￰19￱ RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 ￰20￱ Support Levels – $875 and $865. Major Resistance Levels – $885 and $900.