{"id":78983,"date":"2025-07-08T05:08:07","date_gmt":"2025-07-08T05:08:07","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=78983"},"modified":"2025-07-08T05:08:07","modified_gmt":"2025-07-08T05:08:07","slug":"bnb-price-gears-up-for-upside-break-will-bulls-deliver","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=78983","title":{"rendered":"BNB Price Gears Up for Upside Break \u2014 Will Bulls Deliver?"},"content":{"rendered":"

BNB price is gaining pace above the $650 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 $620 support zone.
\nThe price is now trading above $655 and the 100-hourly simple moving average.
\nThere is a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair must stay above the $655 level to start another increase in the near term.<\/p>\n

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

After forming a base above the $620 level, BNB price started a fresh increase. There was a move above the $645 and $650 resistance levels, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n

The price even surged above the $660 level. A high was formed at $666 before there was a downside correction. The price dipped below the 50% Fib retracement level of the upward move from the $650 swing low to the $666 swing high.<\/p>\n

The price is now trading above $655 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $662 level. There is also a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB\/USD pair.<\/p>\n

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

The next resistance sits near the $665 level. A clear move above the $665 zone could send the price higher. In the stated case, BNB price could test $672. A close above the $672 resistance might set the pace for a larger move toward the $680 resistance. Any more gains might call for a test of the $700 level in the near term.<\/p>\n

Another Decline?<\/h2>\n

If BNB fails to clear the $662 resistance, it could start another decline. Initial support on the downside is near the $655 level and the 61.8% Fib retracement level of the upward move from the $650 swing low to the $666 swing high. The next major support is near the $650 level.<\/p>\n

The main support sits at $644. If there is a downside break below the $644 support, the price could drop toward the $632 support. Any more losses could initiate a larger decline toward the $620 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 $655 and $650.<\/p>\n

Major Resistance Levels \u2013 $662 and $665.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is gaining pace above the $650 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 $620 support zone. The price is now trading above $655 and the 100-hourly simple moving average. There is a key […]<\/p>\n","protected":false},"author":0,"featured_media":78984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78983","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\/78983"}],"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=78983"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/78983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/78984"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}