BNB has once again demonstrated its resistance and strength by breaking the crucial resistance level of $ 605. This milestone, achieved after weeks of evidence and consolidation, has caused a renewed interest among merchants and investors. After the rupture, BNB has entered a price stabilization phase, mainly maintaining the $ 605 brand and transforming it into a robust support zone.
This consolidation phase is a classic sign of a healthy market, since it allows the asset to recover breath after a significant ascending movement. It also suggests that the break was backed by a genuine purchase pressure instead of short -term speculation. With the level of $ 605 now acting as a springboard, the scenario is established for BNB to go to higher prices levels in the next few days or weeks.
BNB price action: stability above $ 605 force signals
BNB’s capacity to stay above the resistance level of $ 605 after breaking reflects a growing upward boost. Their stability indicates that buyers are defending the level of rupture, reinforcing its importance as a new support zone. Sustained trade above this level could pave the way for greater profits towards objectives close to $ 630 and $ 650.
Technical indicators reinforce the strength of the BNB break, indicating that the bullish impulse remains intact. The MACD continues to tend in positive territory, with the MACD line remaining above the signal line. This positioning suggests that the purchase pressure remains dominant, and the possibility of greater profits remains strong. In addition, histogram bars are expanding, reflecting the increase in the bullish impulse.
In addition, the simple mobile average (SMA) of 100 days acts as a dynamic support, with BNB merchanting above it, which implies that the broader trend remains optimistic, and any fall towards this level could present purchase opportunities.
If BNB maintains its impulse, it could point to $ 680, strengthening its upward perspective. A rupture above the level can attract more buyers, increasing the possibilities of a sustained rally. Currently, $ 680 serve as a key resistance, and it is likely that clearing it with a strong volume will cause a movement to $ 724 in the medium term.
Support areas to see in case of a setback
If BNB experiences a setback, the level of $ 605 will be the first key support to see, since it has turned to support resistance. Maintaining this level could reinforce the bullish impulse and point out that buyers are defending the rupture.
However, if the sale pressure increases and $ 605 is not maintained, the demand zone of $ 531 comes into play, which has historically provided strong support. A rebound of this level would indicate the strength of the buyer, but a rest will then expose BNB to more inconvenience before another bullish attempt. An extended correction could focus $ 500, which is aligned with the 100 -day SMA and has previously served as a significant pivot point for price rebounds.
