{"id":61301,"date":"2025-04-23T05:08:27","date_gmt":"2025-04-23T05:08:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=61301"},"modified":"2025-04-23T05:08:27","modified_gmt":"2025-04-23T05:08:27","slug":"bnb-price-reclaims-600-is-this-the-start-of-a-major-upside-move","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=61301","title":{"rendered":"BNB Price Reclaims $600 \u2014 Is This the Start of a Major Upside Move?"},"content":{"rendered":"

BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term.<\/em><\/p>\n

BNB price is attempting to recover above the $615 resistance zone.
\nThe price is now trading above $600 and the 100-hourly simple moving average.
\nThere is a connecting bullish trend line forming with support at $611 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $600 level to start another increase in the near term.<\/p>\n

BNB Price Eyes More Upsides<\/h2>\n

After forming a base above the $580 level, BNB price started a fresh increase. There was a move above the $595 and $600 resistance levels, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n

The bulls even pushed the price above the $610 level. A high was formed at $620 before there was a minor downside correction. The price dipped below the 23.6% Fib retracement level of the upward move from the $594 swing low to the $620 high.<\/p>\n

The price is now trading above $600 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $611 on the hourly chart of the BNB\/USD pair.<\/p>\n

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

On the upside, the price could face resistance near the $618 level. The next resistance sits near the $620 level. A clear move above the $620 zone could send the price higher. In the stated case, BNB price could test $635. A close above the $635 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 $620 resistance, it could start another decline. Initial support on the downside is near the $611 level. The next major support is near the $607 level and the 50% Fib retracement level of the upward move from the $594 swing low to the $620 high.<\/p>\n

The main support sits at $600. If there is a downside break below the $600 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $580 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 $611 and $607.<\/p>\n

Major Resistance Levels \u2013 $618 and $620.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term. BNB price is attempting to recover above the $615 resistance zone. The price is now trading above $600 and the 100-hourly simple moving average. There is a connecting […]<\/p>\n","protected":false},"author":0,"featured_media":61302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-61301","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\/61301"}],"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=61301"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/61301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/61302"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}