{"id":610747,"date":"2024-05-31T02:58:31","date_gmt":"2024-05-31T02:58:31","guid":{"rendered":"https:\/\/wncen.com\/?p=610747"},"modified":"2024-06-11T12:37:31","modified_gmt":"2024-06-11T12:37:31","slug":"bnb-price-recovery-585","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bnb-price-recovery-585\/","title":{"rendered":"BNB Price Launches Recovery Bid: Will the Bounce Hold?"},"content":{"rendered":"
BNB price started a recovery wave from the $585 support zone. The bulls must clear the $600 resistance zone to push the price into a positive zone in the near term.<\/em><\/p>\n
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BNB price extended losses and tested the $585 support zone.<\/li>\n
The price is now trading below $600 and the 100-hourly simple moving average.<\/li>\n
There was a break above a key bearish trend line with resistance at $595 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n
The pair could start a fresh increase if it stays above the $585 support.<\/li>\n<\/ul>\n
BNB Price Holds Support<\/h2>\n
After a decent increase, BNB price struggled near the $615 resistance. As a result, there was a bearish reaction below the $600 support, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n