iBNB

<ul><li>BNB&#39;s key resistance at $530 and support at $450 are pivotal for determining its next price direction.</li><li>The RSI suggests BNB nearing oversold conditions, while MACD indicates short-term bearish momentum.</li><li>A break above $530 could retest $680 resistance, but failure might lead to retesting $450 support.</li></ul>Binance Coin (BNB) is currently navigating critical support and resistance levels against the US Dollar (USD), according to analysis by <a href="https://x.com/CryptoTony__/status/1810940771526398453" rel="noopener noreferrer nofollow">Crypto Tony</a>, a top analyst. At press time, BNB trades at <a href="https://coinmarketcap.com/currencies/bnb/" rel="noopener noreferrer nofollow">$523.45</a>, experiencing a 1.41% increase over the last 24 hours. This analysis aims to provide an insightful overview of BNB&#39;s potential future price movements based on recent trends and technical indicators.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXf79mw5UaA3XNI-1JQ9_VL4xpMIRgiYzIrDOuNggNfQmPimbYEztT-IKVuFBrvAwsst1F0MYGI5kVq25-I-9hBirIEKdfHUkdxc0VpMr74Y8HUsdIdIG7FVjokT3oDEbUje4KWXb-0pvDt7lahfJJowQCM?key&#61;Oq90jvK0Alj9OPCTSs2k5Q" />The key support and resistance levels for <a href="https://cryptotale.org/bnb-on-the-verge-of-a-breakout-ascending-triangle-signals-bullish-momentum/" rel="noopener noreferrer nofollow">BNB</a> reveal crucial points in its price journey. Firstly, the $450 support level has shown strong buying interest multiple times. Buyers have historically stepped in at this price. Another significant support level is at $350, which has previously held firm against price declines.<a href="https://cryptotale.org/bnb-faces-critical-resistance-at-530-what-comes-next/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

BNB Faces Critical Resistance at $530: What Comes Next?

CryptoTale

Other articles published on Jul 11, 2024

Polkadot Controversy Unfolds, Landwolf and KangaMoon Picked as Next Billion Dollar Projects

Ripple CEO Criticizes US SEC Chairman Amid Efforts To Integrate Crypto And White House Policies

BitMEX Pleads Guilty to Bank Secrecy Act Violations: Details

Airdrops with High Returns

Shiba Inu Whales Continue Exchange Outflows: SHIB Rally Soon?

Crypto Market Sentiment Split Post-Bitcoin Halving: What You Need to Know

Join our free newsletter for daily crypto updates!