BNB strengthens its artistic location with a strong bounce of support and approaching decisive resistance

The digital currency market is characterized by articulated moments separating collapse and apostasy, and sensitive price levels often play a pivotal role in determining the next direction of the currency.

For BNB, the support level was at $ 531 a decisive turning point; After a period of volatility and hesitation, the currency managed to cohesion at this level, which led to a strong reversal that reflected a clear change in the market structure, and turning from the state of cautious cohesion to a remarkable wave of climb.

This recovery does not seem to be a transient technical movement, but rather reflects growing confidence among traders and a stable demand at critical levels, as it coincided with the stability of the Bitcoin price, which helped restore attention to alternative currencies, foremost of which is BNB.

With the return of the activity in trading volumes, the restoration of the main moving averages, and the penetration of the levels of the nearby resistance, it is likely that the correction stage may have already reached its end, which paves the way for more possible gains in the short and medium term.

BNB chart style supports the continuity of rising momentum

In a recent analysis posted on the “X” platform, analyst Unichartz indicated that the BNB coin currently shows a strong rising momentum after its reflux from a pivotal area, where a level that was previously resisted a strong resistance has turned into solid support at the present time, and this shift is one of the classic signs that indicate the beginning of a new wave of rise.

The analysis affirmed that re -testing this level successfully enhances the credibility of the technical penetration, which indicates that the purchase forces began to enter extensively.

With the harmony of the price movement with positive momentum indicators, BNB appears to be in a good technical position that allows it to continue the height, provided that this vital support is continuing, which makes the next stage important to confirm the continuing direction.

Technical indicators that support the upscale scenario

The analyst explained that the BNB’s continuation of trading over the current support area keeps the upward structure existing, keeps momentum on the ranks of buyers, and this is enhancing this 50 -day SIA moving scenario that works as a dynamic support for price movement, which helps to absorb slight declines.

The presence of the price above this average is an additional evidence of the positive direction, and indicates that BNB may prepare for a stage of sustainable growth if the broader market maintains its optimistic tone.

Awaited breakthroughs

At the present time, BNB is close to exceeding the main resistance level at 605 dollars, which is not just a technical barrier but also an important psychological threshold, where historical sale appeared in previous times, and the penetration of this level decisively and especially with the support of a strong trading volume, which may represent a clear indication of the control of buyers.

The success of this penetration may launch a new wave of demand, whether from individual traders or institutions, and that it may open the way to target higher resistance levels such as 680 and 724 dollars, and perhaps return to test the highest previous currency peak at 794 dollars, and even then this level remains a pivotal control point because the BNB interaction with it will determine its next path.