Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»Uncertain BNB price recovery: Potential cap looms amid market uncertainty.
EXCHANGE NEWS

Uncertain BNB price recovery: Potential cap looms amid market uncertainty.

By Crypto FlexsMay 15, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Uncertain BNB price recovery: Potential cap looms amid market uncertainty.
Share
Facebook Twitter LinkedIn Pinterest Email

BNB price is showing bearish signs below the $600 level. To gain bullish momentum, the price needs to stabilize above the $575 and $585 resistance levels.

  • BNB price began a new decline after failing to break the $600 resistance zone.
  • The price is currently trading below $585 and the 100 simple moving average (4-hours).
  • The hourly chart of the BNB/USD pair shows a major bearish trendline forming with resistance near $575 (data source from Binance).
  • A break above the $585 resistance area could provide bullish momentum.

BNB price falls again

After a significant rally, BNB price struggled near the $600 resistance. As a result, like Ethereum and Bitcoin, there was a bearish reaction below the $585 support line.

The price fell below the $575 support line and the 100 simple moving average (4-hours) line. It traded as low as $561 and is currently consolidating losses. There was a slight upward movement above the $565 level. The price tested the 23.6% Fib retracement level moving down from the $600 swing high to the $561 low.

It is currently trading below $585 and the 100 simple moving average (4-hours). Immediate resistance is near the $575 level. On the hourly chart of the BNB/USD pair, there is also a major bearish trendline forming with resistance near $575.

The next resistance is near the $585 level or the 61.8% Fib retracement level of the downside move from the $600 swing high to the $561 low. Clearly beyond the $585 area, the price could go higher.

As stated, the BNB price may test $600. A break above the $600 resistance could set up a larger upward pace towards the $650 resistance. More gains may require a test of the $680 level in the coming days.

Are there more losses?

If BNB fails to clear the $575 resistance, it may continue to fall. Initial support on the downside is near the $560 level.

The next major support is near the $550 level. The main support level is $532. A downward breakout below the $532 support could push the price towards the $510 support. Any more losses could trigger a further decline towards the $500 level.

technical indicators

Hourly MACD – The MACD for BNB/USD is losing speed in bearish territory.

Hourly Relative Strength Index (RSI) – The RSI for BNB/USD is currently below the 50 level.

Key support levels – $565, ​​$550, $532.

Key resistance levels – $575, $585, $600.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dogecoin (DOGE) struggles to get up in higher floKi rocket rockets.

July 17, 2025

Crypto Company is a bank license in the US during Ripple, Circle and Bito Target

July 14, 2025

Arthur Hayes will continue to predict the super -large Altcoin season.

July 11, 2025
Add A Comment

Comments are closed.

Recent Posts

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025

KuCoin Launches XStocks, Delivering A One-Stop Access Point To Top Global Tokenized Equities

July 18, 2025

💵 FREE $18 USDT – Just For Signing Up!

July 18, 2025

How Does AIXA Mining Break Traditional Barriers?

July 18, 2025

How Does AIXA Mining Break Traditional Barriers?

July 18, 2025

The future of EF ecosystem development

July 18, 2025

Satoshi-Aera Bitcoin Whale moves another 40K BTC to Galaxy Digital.

July 18, 2025

Behind The Surge In XRP, DLMining Brings New Opportunities To Mine BTC With Your XRP

July 18, 2025

The strategy has hit the highest market cap since the Rally Bitcoin rally.

July 17, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MultiBank Group To List $MBG Token On Gate.io And MEXC During Official Token Generation Event

July 18, 2025

Earn $4,777 Daily! PaxMining Leads 2025’s Record-Breaking Bitcoin Mining Boom

July 18, 2025

GSR Leads $100M Private Placement Into Nasdaq-listed MEI Pharma To Launch First Institutional Litecoin Treasury Strategy Alongside Charlie Lee

July 18, 2025
Most Popular

Gate.io blames the surge in trading volume on issues with its customers’ quantitative trading strategies.

December 6, 2023

Hodler’s Digest, July 14-20 – Cointelegraph Magazine

July 20, 2024

How to Become a Crypto Millionaire with Dogecoin (DOGE), ETFSwap (ETFS), and Ondo Finance (ONDO) – Blockchain News, Opinion, TV & Jobs

April 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.