{"id":63017,"date":"2025-04-30T05:48:06","date_gmt":"2025-04-30T05:48:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=63017"},"modified":"2025-04-30T05:48:06","modified_gmt":"2025-04-30T05:48:06","slug":"bnb-price-coils-at-support-bounce-looks-ready-to-launch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=63017","title":{"rendered":"BNB Price Coils at Support \u2014 Bounce Looks Ready to Launch"},"content":{"rendered":"

BNB price is consolidating above the $595 support zone. The price is now consolidating near $600 and might aim for more gains in the near term.<\/em><\/p>\n

BNB price is attempting to recover from the $600 support zone.
\nThe price is now trading near $602 and the 100-hourly simple moving average.
\nThere is a key rising channel forming with support near $600 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $598 level to start another increase in the near term.<\/p>\n

BNB Price Holds Key Support<\/h2>\n

After forming a base above the $592 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 $605 level. A high was formed at $611 before there was a minor downside correction. The price retested the $600 support zone. A low was formed at $598 and the price climbed above the 23.6% Fib retracement level of the recent decline from the $611 swing high to the $598 low.<\/p>\n

The price is now trading near $602 and the 100-hourly simple moving average. There is also a key rising channel forming with support near $600 on the hourly chart of the BNB\/USD pair.<\/p>\n

On the upside, the price could face resistance near the $606 level and the 61.8% Fib retracement level of the recent decline from the $611 swing high to the $598 low. The next resistance sits near the $610 level. A clear move above the $610 zone could send the price higher.<\/p>\n

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

In the stated case, BNB price could test $620. A close above the $620 resistance might set the pace for a larger move toward the $635 resistance. Any more gains might call for a test of the $650 level in the near term.<\/p>\n

Another Decline?<\/h2>\n

If BNB fails to clear the $610 resistance, it could start another decline. Initial support on the downside is near the $600 level. The next major support is near the $598 level.<\/p>\n

The main support sits at $592. If there is a downside break below the $592 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 $600 and $598.<\/p>\n

Major Resistance Levels \u2013 $606 and $610.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is consolidating above the $595 support zone. The price is now consolidating near $600 and might aim for more gains in the near term. BNB price is attempting to recover from the $600 support zone. The price is now trading near $602 and the 100-hourly simple moving average. There is a key rising […]<\/p>\n","protected":false},"author":0,"featured_media":63018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63017","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\/63017"}],"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=63017"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63018"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}