BNB Price Faces Challenges: Will It Hold $550 and Bounce Back?

BNB price is struggling to stay above the $550 support zone. The price could start a fresh increase if it clears the $560 resistance zone. BNB price started a fresh decline from the $592 resistance zone. The price is now trading below $565 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $560 on the hourly chart of the BNB/USD pair... source: https://www.newsbtc.com/analysis/bnb/bnb-price-challenges-550/