BNB price nears $600 with shorts at risk

BNB price traded near $590 on Tuesday after holding a trendline breakout, but resistance at $592 and a large liquidation cluster above $605 could decide its next move. Summary BNB price broke above a descending trendline and successfully retested the former resistance as support. The daily RSI has risen to 57.45, while the MACD remains in bullish territory. $592 to $600 is the immediate resistance zone separating BNB from a larger recovery. The liquidation heatmap shows concentrated short liquidity around $605 to $610. BNB price holds breakout above $581 According to data from crypto.news, BNB (BNB) price was trading at $590.10 at press time after moving between $588 and $593.09 during the daily session. The token has gained roughly 4% over the past week, recovering from a recent low near $566. The 4-hour chart shows that BNB broke above a descending trendline that had capped its recovery since early July. Buyers then defended a retest near $576 before pushing the price back toward $590. BNB price 4-hour chart — Aug. 4 | Source: crypto.news This sequence converted the former trendline resistance into short-term support. BNB also remains above the 4-hour Supertrend, currently positi...