{"id":11067,"date":"2022-11-02T08:52:48","date_gmt":"2022-11-02T12:52:48","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=11067"},"modified":"2022-11-02T08:52:48","modified_gmt":"2022-11-02T12:52:48","slug":"bnb-price-prediction-why-the-bulls-aim-more-gains-above-350","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/11\/02\/bnb-price-prediction-why-the-bulls-aim-more-gains-above-350\/","title":{"rendered":"BNB Price Prediction: Why The Bulls Aim More Gains Above $350"},"content":{"rendered":"

BNB (Binance coin) price started a fresh rally from the $265 support against the US Dollar. BNB is trading in a positive zone and might soon clear the $350 resistance.<\/em><\/p>\n

Binance coin price gained pace above the $300 and $320 resistance levels against the US Dollar.
\nThe price is now trading well above $300 and the 100 simple moving average (4-hours).
\nThere are two major bullish trend lines forming with support near $320 and $315 on the 4-hours chart of the BNB\/USD pair (data source from Binance).
\nThe pair could soon resume its rally unless there is a move below the $300 support zone.<\/p>\n

Binance Coin Price Remains In Uptrend<\/h2>\n

After forming a base above the $265 level, BNB price started a strong increase. The bulls took control, resulting in a surge above the $280 and $285 resistance levels.<\/p>\n

The price gained pace after it broke the $300 barrier and the 100 simple moving average (4-hours). Finally, it spiked above the $335 level and formed a new monthly high at $337. Recently, there was a minor downside correction below the $330 level, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The price tested the 23.6% Fib retracement level of the upward move from the $263 swing low to $337 high. An initial support is near the $320 level. There are also two major bullish trend lines forming with support near $320 and $315 on the 4-hours chart of the BNB\/USD pair.<\/p>\n

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

Source: BNBUSD on TradingView.com<\/a><\/p>\n

The first major support is near the $312 level. The next major support is near the $300 level or the 50% Fib retracement level of the upward move from the $263 swing low to $337 high. If there is a downside break below the $300 support, there could be an extended decline towards the $280 support.<\/p>\n

More Upsides in BNB?<\/h2>\n

If BNB fails remains stable above $320 or $300, it could start a fresh increase. On the upside, the $328 and $330 levels are immediate hurdles.<\/p>\n

The next major resistance is near the $335 level, above which the price is likely to aim a test of the $350 level in the near term. Any more gains might send the price towards the $400 level.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for BNB\/USD is losing pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently well above the 60 level.<\/p>\n

Major Support Levels \u2013 $320, $312 and $300.<\/p>\n

Major Resistance Levels \u2013 $330, $335 and $350.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB (Binance coin) price started a fresh rally from the $265 support against the US Dollar. BNB is trading in a positive zone and might soon clear the $350 resistance.<\/em><\/p>\n

Binance coin price gained pace above the $300 and $320 resistance levels against the US Dollar.
\nThe price is now trading well above $300 and the 100 simple moving average (4-hours).
\nThere are two major bullish trend lines forming with support near $320 and $315 on the 4-hours chart of the BNB\/USD pair (data source from Binance).
\nThe pair could soon resume its rally unless there is a move below the $300 support zone.<\/p>\n

Binance Coin Price Remains In Uptrend<\/h2>\n

After forming a base above the $265 level, BNB price started a strong increase. The bulls took control, resulting in a surge above the $280 and $285 resistance levels.<\/p>\n

The price gained pace after it broke the $300 barrier and the 100 simple moving average (4-hours). Finally, it spiked above the $335 level and formed a new monthly high at $337. Recently, there was a minor downside correction below the $330 level, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

The price tested the 23.6% Fib retracement level of the upward move from the $263 swing low to $337 high. An initial support is near the $320 level. There are also two major bullish trend lines forming with support near $320 and $315 on the 4-hours chart of the BNB\/USD pair.<\/p>\n

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

Source: BNBUSD on TradingView.com<\/a><\/p>\n

The first major support is near the $312 level. The next major support is near the $300 level or the 50% Fib retracement level of the upward move from the $263 swing low to $337 high. If there is a downside break below the $300 support, there could be an extended decline towards the $280 support.<\/p>\n

More Upsides in BNB?<\/h2>\n

If BNB fails remains stable above $320 or $300, it could start a fresh increase. On the upside, the $328 and $330 levels are immediate hurdles.<\/p>\n

The next major resistance is near the $335 level, above which the price is likely to aim a test of the $350 level in the near term. Any more gains might send the price towards the $400 level.<\/p>\n

Technical Indicators<\/p>\n

4-Hours MACD \u2013 The MACD for BNB\/USD is losing pace in the bullish zone.<\/p>\n

4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently well above the 60 level.<\/p>\n

Major Support Levels \u2013 $320, $312 and $300.<\/p>\n

Major Resistance Levels \u2013 $330, $335 and $350.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-11067","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/11067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=11067"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/11067\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=11067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=11067"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=11067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}