{"id":39543,"date":"2025-01-28T05:08:53","date_gmt":"2025-01-28T05:08:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=39543"},"modified":"2025-01-28T05:08:53","modified_gmt":"2025-01-28T05:08:53","slug":"bnb-price-bounces-back-strongly-is-the-rally-sustainable","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=39543","title":{"rendered":"BNB Price Bounces Back Strongly: Is The Rally Sustainable?"},"content":{"rendered":"

BNB price is recovering losses from the $635 support zone. The price is rising and might aim for a fresh move toward the $700 resistance.<\/em><\/p>\n

BNB price is struggling to clear the $685 resistance zone.
\nThe price is now trading above $675 and the 100-hourly simple moving average.
\nThere was a break above a key bearish trend line with resistance at $674 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $668 level to start another increase in the near term.<\/p>\n

BNB Price Eyes Comeback<\/h2>\n

After a decent increase, BNB price struggled to settle above the $700 level. It started a pullback from the $691 high, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n

There was drop below the $685 support zone. The price even dived below the $650 level. A low was formed at $637 and the price recently started a strong rebound. There was a move above the $650 level. The price climbed above the 50% Fib retracement level of the downward move from the $691 swing high to the $637 low.<\/p>\n

There was a break above a key bearish trend line with resistance at $674 on the hourly chart of the BNB\/USD pair. The price is now trading above $675 and the 100-hourly simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $691 swing high to the $637 low.<\/p>\n

If there is a fresh increase, the price could face resistance near the $685 level. The next resistance sits near the $692 level. A clear move above the $692 zone could send the price higher.<\/p>\n

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

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

Another Decline?<\/h2>\n

If BNB fails to clear the $685 resistance, it could start another decline. Initial support on the downside is near the $675 level. The next major support is near the $668 level.<\/p>\n

The main support sits at $655. If there is a downside break below the $655 support, the price could drop toward the $635 support. Any more losses could initiate a larger decline toward the $620 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $675 and $668.<\/p>\n

Major Resistance Levels \u2013 $685 and $692.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is recovering losses from the $635 support zone. The price is rising and might aim for a fresh move toward the $700 resistance. BNB price is struggling to clear the $685 resistance zone. The price is now trading above $675 and the 100-hourly simple moving average. There was a break above a key […]<\/p>\n","protected":false},"author":0,"featured_media":39544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39543","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\/39543"}],"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=39543"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/39543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/39544"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}