{"id":38279,"date":"2025-01-23T05:08:26","date_gmt":"2025-01-23T05:08:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=38279"},"modified":"2025-01-23T05:08:26","modified_gmt":"2025-01-23T05:08:26","slug":"bnb-price-stalls-below-700-is-a-surge-around-the-corner","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=38279","title":{"rendered":"BNB Price Stalls Below $700: Is a Surge Around The Corner?"},"content":{"rendered":"

BNB price is consolidating near the $700 support zone. The price is showing a few bearish signs but the bulls might remain active near the $672 support.<\/em><\/p>\n

BNB price is struggling to clear the $720 resistance zone.
\nThe price is now trading below $700 and the 100-hourly simple moving average.
\nThere was a break below a key bullish trend line with support at $696 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $672 level to start another increase in the near term.<\/p>\n

BNB Price Holds Support<\/h2>\n

After a decent increase, BNB price struggled to settle above the $705 level. It started a pullback from the $703 high, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n

There was drop below the $695 support zone. Besides, there was a break below a key bullish trend line with support at $696 on the hourly chart of the BNB\/USD pair. The pair seems to be now approaching the 50% Fib retracement level of the upward move from the $664 swing low to the $703 high.<\/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 $692 level. The next resistance sits near the $696 level.<\/p>\n

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

A clear move above the $696 zone could send the price higher. In the stated case, BNB price could test $700. A close above the $700 resistance might set the pace for a larger move toward the $720 resistance. Any more gains might call for a test of the $732 level in the near term.<\/p>\n

More Losses?<\/h2>\n

If BNB fails to clear the $696 resistance, it could start another decline. Initial support on the downside is near the $685 level. The next major support is near the $680 level.<\/p>\n

The main support sits at $672 or the 76.4% Fib retracement level of the upward move from the $664 swing low to the $703 high. If there is a downside break below the $692 support, the price could drop toward the $685 support. Any more losses could initiate a larger decline toward the $675 level.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $685 and $672.<\/p>\n

Major Resistance Levels \u2013 $696 and $700.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is consolidating near the $700 support zone. The price is showing a few bearish signs but the bulls might remain active near the $672 support. BNB price is struggling to clear the $720 resistance zone. The price is now trading below $700 and the 100-hourly simple moving average. There was a break below […]<\/p>\n","protected":false},"author":0,"featured_media":38280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-38279","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\/38279"}],"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=38279"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/38279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/38280"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}