ANALYST: BNB PRICE BREAKING $600 TRIGGERED A REBOUND OF $635 TO BE VERIFIED

BNB prices broke $600 on 10 August, traded close to $605, market sentiment improved and there is a possibility of a further short-term squeeze. According to CryptoNews, BNB reached a daily high of $606.84 in the 10 August deal, showing a gradual recovery. Currently, BNB prices have risen by about 12 per cent from a low of $540 in June. The dailies show that BNB is testing its 100-day moving average line of $604.85, which, if collected on a continuous basis, would enhance its recovery potential. In the short term, BNB has a resistance position of between $605 and $610, which, if exceeded $610, could open the main clearing area of $618 to $623。