The $BNB /USDT pair is currently trading at 592.0 USDT, up by 2.37% on the 15-minute chart.
The price has been showing signs of recovery, climbing from the recent low of 585.7 USDT after a sharp drop.
BNB has encountered resistance around 594.5 USDT, and if it breaks through this level, we could expect further upside momentum. However, immediate support lies at 585.7 USDT, and a failure to hold this level could lead to a decline.
The MACD and RSI indicators are relatively neutral, with the RSI hovering around 49.5, suggesting no strong trend direction at the moment.
Traders should monitor these levels closely, as a break above 594.5 USDT could signal a bullish continuation, while a move below 585.7 USDT might indicate a further downward correction.
