{"id":15693,"date":"2023-01-10T05:59:08","date_gmt":"2023-01-10T09:59:08","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=15693"},"modified":"2023-01-10T05:59:08","modified_gmt":"2023-01-10T09:59:08","slug":"bnb-price-gearing-for-another-lift-off-to-300-rally-isnt-over-yet","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/10\/bnb-price-gearing-for-another-lift-off-to-300-rally-isnt-over-yet\/","title":{"rendered":"BNB Price Gearing For Another Lift-Off to $300: Rally Isn\u2019t Over Yet"},"content":{"rendered":"

BNB price (Binance coin) found support near $240 against the US Dollar. BNB rallied above $260 and might aim more upsides towards the $300 level.<\/em><\/p>\n

Binance coin price started a recovery wave from the $240 support against the US Dollar.
\nThe price is now trading above $265 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance near $250 on the 4-hours chart of the BNB\/USD pair (data source from Binance).
\nThe pair could is rising and might climb further above the $280 resistance zone.<\/p>\n

Binance Coin Price Climbs Higher<\/h2>\n

This past week, BNB price formed a support base above the $240 level. There was a strong recovery wave started above the $250 resistance zone.<\/p>\n

There was a break above a major bearish trend line with resistance near $250 on the 4-hours chart of the BNB\/USD pair. The pair gained pace above the $255 and $260 resistance levels. Yesterday, there was a push above the $270 resistance zone, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

BNB traded as high as $283 and is currently consolidating gains. It is now trading above $265 and the 100 simple moving average (4-hours). It is also near the 23.6% Fib retracement level of the upward move from the $240 swing low to $283 high.<\/p>\n

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

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

On the upside, the bears are protecting the $280 and $285 resistance levels. The next major resistance is near the $292 level, above which the price is likely to aim a test of the $300 level in the near term. Any more gains might send the price towards the $320 level.<\/p>\n

Dips Supported in BNB?<\/h2>\n

If BNB fails to clear the $280 resistance, it could start a downside correction. An initial support on the downside is near the $265 level.<\/p>\n

The first major support is near the $262 level. It is near the 50% Fib retracement level of the upward move from the $240 swing low to $283 high. The next major support is near the $255 level. If there is a downside break below the $255 support, there could be an extended decline towards the $240 support.<\/p>\n

Technical Indicators<\/p>\n

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

4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $265, $262 and $255.<\/p>\n

Major Resistance Levels \u2013 $280, $285 and $300.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price (Binance coin) found support near $240 against the US Dollar. BNB rallied above $260 and might aim more upsides towards the $300 level.<\/em><\/p>\n

Binance coin price started a recovery wave from the $240 support against the US Dollar.
\nThe price is now trading above $265 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance near $250 on the 4-hours chart of the BNB\/USD pair (data source from Binance).
\nThe pair could is rising and might climb further above the $280 resistance zone.<\/p>\n

Binance Coin Price Climbs Higher<\/h2>\n

This past week, BNB price formed a support base above the $240 level. There was a strong recovery wave started above the $250 resistance zone.<\/p>\n

There was a break above a major bearish trend line with resistance near $250 on the 4-hours chart of the BNB\/USD pair. The pair gained pace above the $255 and $260 resistance levels. Yesterday, there was a push above the $270 resistance zone, similar to bitcoin<\/a> and ethereum<\/a>.<\/p>\n

BNB traded as high as $283 and is currently consolidating gains. It is now trading above $265 and the 100 simple moving average (4-hours). It is also near the 23.6% Fib retracement level of the upward move from the $240 swing low to $283 high.<\/p>\n

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

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

On the upside, the bears are protecting the $280 and $285 resistance levels. The next major resistance is near the $292 level, above which the price is likely to aim a test of the $300 level in the near term. Any more gains might send the price towards the $320 level.<\/p>\n

Dips Supported in BNB?<\/h2>\n

If BNB fails to clear the $280 resistance, it could start a downside correction. An initial support on the downside is near the $265 level.<\/p>\n

The first major support is near the $262 level. It is near the 50% Fib retracement level of the upward move from the $240 swing low to $283 high. The next major support is near the $255 level. If there is a downside break below the $255 support, there could be an extended decline towards the $240 support.<\/p>\n

Technical Indicators<\/p>\n

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

4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $265, $262 and $255.<\/p>\n

Major Resistance Levels \u2013 $280, $285 and $300.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-15693","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\/15693","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=15693"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/15693\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=15693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=15693"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=15693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}