{"id":608068,"date":"2024-05-15T06:13:12","date_gmt":"2024-05-15T06:13:12","guid":{"rendered":"https:\/\/uniquehot.com\/?p=608068"},"modified":"2024-06-11T14:45:50","modified_gmt":"2024-06-11T14:45:50","slug":"bnb-price-limbo-560","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bnb-price-limbo-560\/","title":{"rendered":"BNB Price Recovery in Limbo: Potential Cap Looms Amid Market Uncertainties"},"content":{"rendered":"
BNB price is showing bearish signs below the $600 level. The price must settle above the $575 and $585 resistance levels to gain bullish momentum.<\/em><\/p>\n
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BNB price started a fresh decline after it failed to clear the $600 resistance zone.<\/li>\n
The price is now trading below $585 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $575 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n
The pair could gain bullish momentum if it clears the $585 resistance zone.<\/li>\n<\/ul>\n
BNB Price Dips Again<\/h2>\n
After a decent increase, BNB price struggled near the $600 resistance. As a result, there was a bearish reaction below the $585 support, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n