{"id":65037,"date":"2025-05-09T05:08:05","date_gmt":"2025-05-09T05:08:05","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=65037"},"modified":"2025-05-09T05:08:05","modified_gmt":"2025-05-09T05:08:05","slug":"bnb-price-targets-650-amid-renewed-market-optimism","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=65037","title":{"rendered":"BNB Price Targets $650 Amid Renewed Market Optimism"},"content":{"rendered":"

BNB price is consolidating above the $605 support zone. The price is now showing positive signs 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 above $612 and the 100-hourly simple moving average.
\nThere is a key bullish trend line forming with support near $622 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $612 level to start another increase in the near term.<\/p>\n

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

After forming a base above the $600 level, BNB price started a fresh increase. There was a move above the $605 and $612 resistance levels, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n

The bulls even pushed the price above the $625 level. A high was formed at $629 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $597 swing low to the $629 high.<\/p>\n

The price is now trading above $622 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $622 on the hourly chart of the BNB\/USD pair.<\/p>\n

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

On the upside, the price could face resistance near the $628 level. The next resistance sits near the $630 level. A clear move above the $630 zone could send the price higher. In the stated case, BNB price could test $642. A close above the $642 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $655 level in the near term.<\/p>\n

Another Decline?<\/h2>\n

If BNB fails to clear the $630 resistance, it could start another decline. Initial support on the downside is near the $622 level. The next major support is near the $620 level.<\/p>\n

The main support sits at $612 and the 50% Fib retracement level of the recent wave from the $597 swing low to the $629 high. If there is a downside break below the $612 support, the price could drop toward the $605 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 $622 and $612.<\/p>\n

Major Resistance Levels \u2013 $630 and $642.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is consolidating above the $605 support zone. The price is now showing positive signs 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 above $612 and the 100-hourly simple moving average. There is a key bullish […]<\/p>\n","protected":false},"author":0,"featured_media":65038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65037","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\/65037"}],"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=65037"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/65037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/65038"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}