Binance News: BNB Price Recovery Shows Promise, Aims for $635 Resistance

BNB Price Starts Fresh Increase—Can Bulls Sustain the Momentum?

BNB price is recovering from the $550 support zone and aiming for a move toward the $635 resistance. The price has moved higher above the $585 resistance zone but is now trading below $595 and the 100-hourly simple moving average. A connecting bullish trend line is forming with support at $600 on the hourly chart. The pair must stay above the $588 level to start another increase. BNB has beaten Ethereum and Bitcoin by moving above the $565, $570, and $588 resistance levels, and even surpassed the 50% Fib retracement level of the downward move from the $637 swing high.

RedStone Airdrop Allocation Checker Is Live

The RedStone airdrop allocation checker is now available, enabling participants to verify their eligibility for the upcoming RedStone crypto airdrop. The team announced the $RED airdrop details on X (formerly Twitter). Traders are eagerly anticipating the RedStone listing on Binance and other major exchanges. The airdrop is designed to reward dedicated community members who participated in events such as Masterclasses, Gminers Challenges, and other community initiatives.