{"id":27804,"date":"2024-12-12T05:08:47","date_gmt":"2024-12-12T05:08:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=27804"},"modified":"2024-12-12T05:08:47","modified_gmt":"2024-12-12T05:08:47","slug":"bnb-bulls-eye-750-momentum-builds-for-a-new-surge","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=27804","title":{"rendered":"BNB Bulls Eye $750: Momentum Builds for a New Surge"},"content":{"rendered":"

BNB price is gaining pace above the $700 zone. The price is showing positive signs and might aim for a move above the $735 resistance.<\/em><\/p>\n

BNB price started a fresh increase from the $650 support zone.
\nThe price is now trading above $700 and the 100-hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance at $705 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $700 level to start another increase in the near term.<\/p>\n

BNB Price Starts Fresh Increase<\/h2>\n

After a close above the $675 level, BNB price started a fresh increase, like Ethereum<\/a> and Bitcoin<\/a>. The bulls were able to pump the price above the $680 and $700 resistance levels.<\/p>\n

There was a break above a key bearish trend line with resistance at $705 on the hourly chart of the BNB\/USD pair. The pair surpassed the 50% Fib retracement level of the downward move from the $761 swing high to the $650 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 $720 level. It is close to the 61.8% Fib retracement level of the downward move from the $761 swing high to the $650 low.<\/p>\n

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

The next resistance sits near the $735 level. A clear move above the $735 zone could send the price higher. 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 $762 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 $735 resistance, it could start another decline. Initial support on the downside is near the $705 level. The next major support is near the $700 level.<\/p>\n

The main support sits at $675. If there is a downside break below the $675 support, the price could drop toward the $662 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 gaining 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 $705 and $700.<\/p>\n

Major Resistance Levels \u2013 $735 and $750.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is gaining pace above the $700 zone. The price is showing positive signs and might aim for a move above the $735 resistance. BNB price started a fresh increase from the $650 support zone. The price is now trading above $700 and the 100-hourly simple moving average. There was a break above a […]<\/p>\n","protected":false},"author":0,"featured_media":27805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27804","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\/27804"}],"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=27804"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27805"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}