BNB reclaimed the $600 level on Aug. 10, trading near $605 as its daily RSI climbed to 65.15. The next test lies at $610, above which liquidation clusters near $618–$623 could accelerate gains, while losing $593.86 would put the recovery at risk.
BNB traded around $605 on Aug. 10 after reclaiming the psychological $600 level, touching an intraday high near $606.84 during the session. The move extends a recovery from a late-June low near $540, with the token gaining roughly 12% off that bottom.
Momentum builds as BNB tests its 100-day average
The daily Relative Strength Index climbed to 65.15, up from a signal average of 57.52, pointing to stronger demand without pushing BNB into overbought territory. The token is also testing its 100-day moving average near $604.85, and a sustained close above that line would shift focus toward the 200-day average at $628.51.
BNB has also reclaimed its 20-day and 50-day moving averages, which now sit near $583.47 and $575.50 and could offer support during a pullback. However, the MACD histogram has narrowed to 0.17, suggesting upward momentum is slowing even as BNB holds above $600.
Liquidation clusters open a path to $623
Immediate resistance sits between $606 and $610, and a 4-hour close above that band could open a path toward the liquidation cluster near $618–$620. Beyond that, the 3-day liquidation heatmap shows a larger cluster of short positions near $622–$623, and a break higher on rising volume could trigger a short squeeze into that zone.
On the downside, the closest liquidity pool sits near $598, just below the $600 level. The 4-hour Supertrend support has risen to $593.86, marking the next line of defense. Losing that level would expose the 20-day moving average at $583.47, with the 50-day average near $575.50 as the deeper invalidation point.
Analyst flags a longer path toward $780
Crypto commentator DongPham said BNB has recorded three constructive weekly closes but remains in a broader retracement after losing a long-term uptrend near $673 in February. The analyst identified $780–$790 as a possible longer-term retest area, reachable only if BNB first reclaims the $628–$635 resistance zone and then breaks back above $673.
DongPham also noted that trading volume has not risen alongside the recovery, a divergence that could make it harder for BNB to clear multiple resistance levels in succession. The short-term bias stays constructive while BNB holds above $593.86. A failure to defend $598 would put the breakout attempt at risk.
Source: crypto.news
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