{"id":48130,"date":"2025-02-27T05:08:13","date_gmt":"2025-02-27T05:08:13","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=48130"},"modified":"2025-02-27T05:08:13","modified_gmt":"2025-02-27T05:08:13","slug":"bnb-price-shows-strength-is-a-comeback-in-play","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=48130","title":{"rendered":"BNB Price Shows Strength\u2014Is a Comeback in Play?"},"content":{"rendered":"

BNB price is recovering from the $595 support zone. The price is rising and might aim for a fresh move toward the $632 resistance.<\/em><\/p>\n

BNB price is moving higher above the $610 resistance zone.
\nThe price is now trading below $630 and the 100-hourly simple moving average.
\nThere is a connecting bearish trend line forming with resistance at $618 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $595 level to start another increase in the near term.<\/p>\n

BNB Price Eyes Fresh Upside Break<\/h2>\n

After forming a base above the $590 level, BNB price started a fresh increase. There was a move above the $600 and $610 resistance levels. It even recovered above the $612 level, beating Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n

There was a decent move above the 50% Fib retracement level of the downward move from the $632 swing high to the $5995 low. However, the bears seem to be active near the $615 and $618 levels. There is also a connecting bearish trend line forming with resistance at $618 on the hourly chart of the BNB\/USD pair.<\/p>\n

The price is now trading below $620 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $618 level. The next resistance sits near the $622 level or the 76.4% Fib retracement level of the downward move from the $632 swing high to the $5995 low.<\/p>\n

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

A clear move above the $622 zone could send the price higher. In the stated case, BNB price could test $632. A close above the $632 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term.<\/p>\n

Another Decline?<\/h2>\n

If BNB fails to clear the $622 resistance, it could start another decline. Initial support on the downside is near the $602 level. The next major support is near the $600 level.<\/p>\n

The main support sits at $595. If there is a downside break below the $595 support, the price could drop toward the $588 support. Any more losses could initiate a larger decline toward the $565 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 $600 and $595.<\/p>\n

Major Resistance Levels \u2013 $622 and $632.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is recovering from the $595 support zone. The price is rising and might aim for a fresh move toward the $632 resistance. BNB price is moving higher above the $610 resistance zone. The price is now trading below $630 and the 100-hourly simple moving average. There is a connecting bearish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":48131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48130","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\/48130"}],"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=48130"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/48130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/48131"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}