{"id":26212,"date":"2024-12-06T05:08:48","date_gmt":"2024-12-06T05:08:48","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=26212"},"modified":"2024-12-06T05:08:48","modified_gmt":"2024-12-06T05:08:48","slug":"bnb-price-eyes-another-leap-is-a-fresh-surge-incoming","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=26212","title":{"rendered":"BNB Price Eyes Another Leap: Is a Fresh Surge Incoming?"},"content":{"rendered":"

BNB price is consolidating near the $725 zone. The price is showing positive signs and might aim for a move above the $740 resistance.<\/em><\/p>\n

BNB price started a downside correction from the $800 resistance zone.
\nThe price is now trading above $700 and the 100-hourly simple moving average.
\nThere is a key bearish trend line forming with resistance at $725 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $715 level to start another increase in the near term.<\/p>\n

BNB Price Holds Support<\/h2>\n

After a close above the $700 level, BNB price extended its increase, like Ethereum<\/a> and Bitcoin<\/a>. The bulls were able to pump the price above the $720 and $750 resistance levels.<\/p>\n

Finally, the price tested the $800 zone. A high was formed at $794 before there was a downside correction. There was a move below the $750 and $740 levels. However, the price is now holding gains above the $700 level. A low was formed at $688 and the price is now consolidating above the 23.6% Fib retracement level of the downward move from the $795 swing high to the $688 low.<\/p>\n

The price is now trading above $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $725level. There is also a key bearish trend line forming with resistance at $725 on the hourly chart of the BNB\/USD pair.<\/p>\n

The next resistance sits near the $740 level. It is near the 50% Fib retracement level of the downward move from the $795 swing high to the $688 low. A clear move above the $740 zone could send the price higher.<\/p>\n

<\/a><\/p>\n

In the stated case, BNB price could test $750. A close above the $750 resistance might set the pace for a larger move toward the $785 resistance. Any more gains might call for a test of the $800 level in the near term.<\/p>\n

Another Dip?<\/h2>\n

If BNB fails to clear the $725 resistance, it could start another decline. Initial support on the downside is near the $715 level. The next major support is near the $700 level.<\/p>\n

The main support sits at $685. If there is a downside break below the $685 support, the price could drop toward the $665 support. Any more losses could initiate a larger decline toward the $650 level.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for BNB\/USD is losing pace in the bearish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $715 and $700.<\/p>\n

Major Resistance Levels \u2013 $740 and $750.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is consolidating near the $725 zone. The price is showing positive signs and might aim for a move above the $740 resistance. BNB price started a downside correction from the $800 resistance zone. The price is now trading above $700 and the 100-hourly simple moving average. There is a key bearish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":26213,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26212","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26212"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26212"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/26212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/26213"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}