BNB price is currently consolidating around the $725 zone and shows signs of a potential move above the $740 resistance. After a downside correction from the $800 zone, it is trading above $700 and the 100-hourly moving average.
There is a key bearish trend line with resistance at $725 on the hourly BNB/USD chart. The price needs to remain above $715 to anticipate another increase. A successful move above $740 could see it reaching $750, and eventually approaching $785 or even $800.
If BNB fails to surpass the $725 resistance, it risks starting another decline with major support at $700 and $685, possibly dropping toward $665 if it breaks below these levels.
The hourly MACD is losing pace in the bearish zone, while the RSI remains above 50, indicating a balanced momentum. Technical indicators emphasize major support at $715 and resistance levels at $740 and $750.
