{"id":44436,"date":"2025-02-14T05:08:37","date_gmt":"2025-02-14T05:08:37","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=44436"},"modified":"2025-02-14T05:08:37","modified_gmt":"2025-02-14T05:08:37","slug":"bnb-price-reignites-momentum-can-it-push-to-new-highs","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=44436","title":{"rendered":"BNB Price Reignites Momentum\u2014Can It Push to New Highs?"},"content":{"rendered":"

BNB price is gaining pace from the $600 support zone. The price is rising and might aim for a fresh move toward the $750 resistance.<\/em><\/p>\n

BNB price is moving higher above the $650 resistance zone.
\nThe price is now trading above $665 and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support at $660 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $650 level to start another increase in the near term.<\/p>\n

BNB Price Eyes Fresh Rally<\/h2>\n

After forming a base above the $600 level, BNB price started a fresh increase. There was a move above the $620 and $650 resistance levels. It even rallied above the $700 level, beating Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n

The price traded as high as $732 and recently saw a downside correction. There was a move below the $700 support level. The price dipped below the 23.6% Fib retracement level of the upward move from the $596 swing low to the $732 high.<\/p>\n

The price is now trading above $650 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $660 on the hourly chart of the BNB\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $596 swing low to the $732 high.<\/p>\n

If there is a fresh increase, the price could face resistance near the $700 level. The next resistance sits near the $720 level. A clear move above the $720 zone could send the price higher.<\/p>\n

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

In the stated case, BNB price could test $732. A close above the $732 resistance might set the pace for a larger move toward the $750 resistance. Any more gains might call for a test of the $800 level in the near term.<\/p>\n

Another Decline?<\/h2>\n

If BNB fails to clear the $700 resistance, it could start another decline. Initial support on the downside is near the $665 level. The next major support is near the $650 level.<\/p>\n

The main support sits at $635. If there is a downside break below the $635 support, the price could drop toward the $620 support. Any more losses could initiate a larger decline toward the $600 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 $665 and $650.<\/p>\n

Major Resistance Levels \u2013 $700 and $732.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is gaining pace from the $600 support zone. The price is rising and might aim for a fresh move toward the $750 resistance. BNB price is moving higher above the $650 resistance zone. The price is now trading above $665 and the 100-hourly simple moving average. There is a key bullish trend line […]<\/p>\n","protected":false},"author":0,"featured_media":44437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44436","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\/44436"}],"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=44436"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/44436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/44437"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}