# FxWirePro- BNBUSD Daily Outlook By Sheena Jordan Canonical URL: https://www.tokenpost.com/news/investing/13252 Published: 2024-10-23T04:36:26.000Z Updated: 2024-10-23T04:36:26.000Z Section: Investing > A closing price above $620 would suggest that the upward trend is likely to persist. Intraday Outlook - Optimistic Key Level to Monitor: $550 A closing price above $620 would suggest that the upward trend is likely to persist. The BNB/USD pair has experienced a slight decline due to profit-taking, moving within a narrow range of $724 to $403 over the past four and a half months. Current momentum is neutral, with prices remaining above both the 34 and 55 EMA on the 4-hour chart. To sustain the bullish outlook, it is crucial to close above $620. Conversely, a drop below $585 could indicate a bearish trend for the day. A breach of this level might lead to further declines toward $560, $550, $540, $528, $500, and potentially $470. The immediate resistance is positioned around $620; breaking through this level may suggest some bullish momentum. Should prices exceed $620, there could be potential for further gains to $647 or even $700, with a possibility to reach $800 if it surpasses the $725 mark. Indicators (4-hour chart) Directional Movement Index: Bullish CCI (50): Bullish It may be wise to consider buying on pullbacks around $585, with a stop-loss placed at $550 and a target price of $700. [TokenPost]() | info@tokenpost.com ## Links in this article - [TokenPost](https://www.tokenpost.com)