{"id":49974,"date":"2025-03-06T05:08:45","date_gmt":"2025-03-06T05:08:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=49974"},"modified":"2025-03-06T05:08:45","modified_gmt":"2025-03-06T05:08:45","slug":"bnb-price-starts-fresh-increase-can-bulls-sustain-the-momentum","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=49974","title":{"rendered":"BNB Price Starts Fresh Increase\u2014Can Bulls Sustain the Momentum?"},"content":{"rendered":"

BNB price is recovering from the $550 support zone. The price is rising and might aim for a fresh move toward the $635 resistance.<\/em><\/p>\n

BNB price is moving higher above the $585 resistance zone.
\nThe price is now trading below $595 and the 100-hourly simple moving average.
\nThere is a connecting bullish trend line forming with support at $600 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $588 level to start another increase in the near term.<\/p>\n

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

After forming a base above the $550 level, BNB price started a fresh increase. There was a move above the $565 and $570 resistance levels. It even recovered above the $588 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 $637 swing high to the $548 low. There is also a connecting bullish trend line forming with support at $600 on the hourly chart of the BNB\/USD pair.<\/p>\n

However, the bears seem to be active near the $605 and $606 levels. The price is now trading above $600 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $606 level.<\/p>\n

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

The next resistance sits near the $616 level or the 76.4% Fib retracement level of the downward move from the $637 swing high to the $548 low. A clear move above the $616 zone could send the price higher. In the stated case, BNB price could test $635. A close above the $634 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 $606 resistance, it could start another decline. Initial support on the downside is near the $600 level. The next major support is near the $595 level.<\/p>\n

The main support sits at $588. If there is a downside break below the $588 support, the price could drop toward the $570 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $600 and $595.<\/p>\n

Major Resistance Levels \u2013 $606 and $616.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is recovering from the $550 support zone. The price is rising and might aim for a fresh move toward the $635 resistance. BNB price is moving higher above the $585 resistance zone. The price is now trading below $595 and the 100-hourly simple moving average. There is a connecting bullish trend line forming […]<\/p>\n","protected":false},"author":0,"featured_media":49975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49974","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\/49974"}],"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=49974"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/49974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/49975"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}