BNB Price Holds Its Uptrend – Key Levels That Could Trigger More Gains

BNB price is gaining pace above the $920 ￰0￱ price is now showing positive signs and might aim for a move above the $950 level in the near ￰1￱ price started a fresh increase above the $900 and $920 ￰2￱ price is now trading above $920 and the 100-hourly simple moving ￰3￱ is a key bullish trend line forming with support at $925 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $910 level to start another increase in the near ￰4￱ Price Eyes More Gains BNB price formed a base above the $880 level and started a fresh increase, beating Ethereum and ￰5￱ was a steady move above the $892 and $920 ￰6￱ bulls even cleared the $935 resistance zone.

A new all-time high was formed at $950 and the price is now consolidating ￰7￱ was a minor decline below the 23.6% Fib retracement level of the upward move from the $871 swing low to the $950 ￰8￱ price is now trading above $920 and the 100-hourly simple moving average. Besides, there is a key bullish trend line forming with support at $925 on the hourly chart of the BNB/USD ￰9￱ the upside, the price could face resistance near the $935 ￰10￱ next resistance sits near the $942 level. A clear move above the $942 zone could send the price ￰11￱ the stated case, BNB price could test $950. A close above the $950 resistance might set the pace for a larger move toward the $965 ￰12￱ more gains might call for a test of the $1,000 handle in the near ￰13￱ Correction?

If BNB fails to clear the $935 resistance, it could start another ￰14￱ support on the downside is near the $920 ￰15￱ next major support is near the $910 level or the 50% Fib retracement level of the upward move from the $871 swing low to the $950 ￰16￱ main support sits at $900. If there is a downside break below the $900 support, the price could drop toward the $888 ￰17￱ more losses could initiate a larger decline toward the $872 ￰18￱ Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish ￰19￱ RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 ￰20￱ Support Levels – $925 and $910. Major Resistance Levels – $935 and $950.