{"id":34326,"date":"2025-01-09T05:08:41","date_gmt":"2025-01-09T05:08:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=34326"},"modified":"2025-01-09T05:08:41","modified_gmt":"2025-01-09T05:08:41","slug":"bnb-price-rebound-possible-can-it-climb-back-to-720","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=34326","title":{"rendered":"BNB Price Rebound Possible: Can It Climb Back to $720?"},"content":{"rendered":"

BNB price is consolidating above the $675 support zone. The price is consolidating and might aim for a fresh increase above the $700 resistance.<\/em><\/p>\n

BNB price is struggling to settle above the $700 pivot zone.
\nThe price is now trading below $700 and the 100-hourly simple moving average.
\nThere was a break above a connecting bearish trend line with resistance at $695 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $680 level to start another increase in the near term.<\/p>\n

BNB Price Holds Support<\/h2>\n

After a downside correction, BNB price found support at $675. It is now recovering losses like Ethereum<\/a> and Bitcoin<\/a>. There was a move above the $685 level.<\/p>\n

The price was able to recover above the 23.6% Fib retracement level of the downward move from the $745 swing high to the $674 low. There was also a break above a connecting bearish trend line with resistance at $695 on the hourly chart of the BNB\/USD pair.<\/p>\n

The price is now trading below $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $700 level. The next resistance sits near the $710 level or the 50% Fib retracement level of the downward move from the $745 swing high to the $674 low.<\/p>\n

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

A clear move above the $710 zone could send the price higher. In the stated case, BNB price could test $725. A close above the $725 resistance might set the pace for a larger move toward the $740 resistance. Any more gains might call for a test of the $750 level in the near term.<\/p>\n

Another Dip?<\/h2>\n

If BNB fails to clear the $710 resistance, it could start another decline. Initial support on the downside is near the $685 level. The next major support is near the $675 level.<\/p>\n

The main support sits at $650. If there is a downside break below the $650 support, the price could drop toward the $642 support. Any more losses could initiate a larger decline toward the $625 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 $685 and $675.<\/p>\n

Major Resistance Levels \u2013 $700 and $710.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is consolidating above the $675 support zone. The price is consolidating and might aim for a fresh increase above the $700 resistance. BNB price is struggling to settle above the $700 pivot zone. The price is now trading below $700 and the 100-hourly simple moving average. There was a break above a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":34327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-34326","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\/34326"}],"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=34326"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/34326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/34327"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}