Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
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

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Pudgy Penguins

August 28, 2025
Add A Comment

Comments are closed.

Recent Posts

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 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

Acurast launches ‘Staked Compute’ and challenges AWS, Azure and Google Cloud using the distributed smartphone network.

September 3, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025
Most Popular

Improving Data Center Performance Using AI Agents and OODA Loops

September 17, 2024

7RCC Leads Carbon-Neutral Bitcoin ETF for ESG-Focused Investing

December 20, 2023

Why Ethereum Needs to Break $2,500 to Turn Bullish Again

August 5, 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.