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BNB Price Set to Outperform: Is a Breakout Coming Soon?
- BNB price started a fresh increase above the $542 resistance zone.
- The price is now trading below $550 and the 100-hourly simple moving average.
- There is a key bearish trend line forming with resistance at $550 on the hourly chart of the BNB/USD pair (data source from Binance).
- The pair must stay above the $540 pivot level to start another increase in the near term.
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