Following a decrease from $645, BNB price found stability near $500. A new rise has started, similar to Ethereum and Bitcoin, with the price breaking above key resistance levels at $520 and $550. Currently, the price is trading above $575 and the 100 simple moving average.

A bullish trend line is forming near $580 on the 4-hour chart of the BNB/USD pair, indicating strong support. The immediate hurdle is at $588, close to the 61.8% Fib retracement level, with the next challenge at $610.

Breaking above $610 could lead to further gains towards $645 and potentially $680, with an ultimate goal of $700.

However, if the $610 resistance is not overcome, another decline might occur. Initial support is at $580, followed by $560 and then $540. A break below $540 could push the price towards $500, with further losses heading to $450.

Technical indicators show the MACD gaining momentum in the bullish zone while the RSI is above the 50 level, indicating a positive outlook for BNB. Key support levels are at $580, $560, and $540, while resistance levels are at $598, $610, and $640.