{"id":22869,"date":"2023-04-28T04:55:20","date_gmt":"2023-04-28T08:55:20","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=22869"},"modified":"2023-04-28T04:55:20","modified_gmt":"2023-04-28T08:55:20","slug":"bnb-price-lacks-momentum-above-335-but-dips-likely-to-be-limited","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/04\/28\/bnb-price-lacks-momentum-above-335-but-dips-likely-to-be-limited\/","title":{"rendered":"BNB Price Lacks Momentum Above $335 But Dips Likely To Be Limited"},"content":{"rendered":"

BNB price (Binance coin) faced a major resistance near $345 against the US Dollar. It is now testing key support at $325, below which it might dive to $315.<\/em><\/p>\n

Binance coin price is slowly moving lower from the $345 resistance against the US Dollar.
\nThe price is now trading below $330 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $325 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair could start a fresh increase if it stays above $325.<\/p>\n

Binance Coin Price Holds Support<\/h2>\n

This past week, BNB price saw a decent increase above the $325 level, similar to Bitcoin<\/a> and Ethereum<\/a>. The bulls were able to push the price above the $335 and $340 levels.<\/p>\n

However, the price faced strong resistance near the $345 level. A high was formed near $345 and the price started a steady decline. There was a move below the $340 and $335 support levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $315 swing low to the $345 high.<\/p>\n

It is now trading below $330 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $325 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

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

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

On the upside, BNB is facing resistance near the $330 level and the 100 simple moving average (4 hours). The next major resistance is near the $335 level. A clear move above the $335 resistance might spark bullish moves. The next major resistance is near the $345 level, above which the price might rise toward the $350 resistance. Any more gains might send the price toward the $365 level.<\/p>\n

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

If BNB fails to clear the $330 resistance, it could continue to move down. Initial support on the downside is near the $325 level or the trend line.<\/p>\n

The next major support is near the $322 level. If there is a downside break below the $322 support, there could be an extended decline toward the $315 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $325, $322, and $315.<\/p>\n

Major Resistance Levels \u2013 $330, $335, and $345.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price (Binance coin) faced a major resistance near $345 against the US Dollar. It is now testing key support at $325, below which it might dive to $315.<\/em><\/p>\n

Binance coin price is slowly moving lower from the $345 resistance against the US Dollar.
\nThe price is now trading below $330 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $325 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair could start a fresh increase if it stays above $325.<\/p>\n

Binance Coin Price Holds Support<\/h2>\n

This past week, BNB price saw a decent increase above the $325 level, similar to Bitcoin<\/a> and Ethereum<\/a>. The bulls were able to push the price above the $335 and $340 levels.<\/p>\n

However, the price faced strong resistance near the $345 level. A high was formed near $345 and the price started a steady decline. There was a move below the $340 and $335 support levels. The bears pushed the price below the 50% Fib retracement level of the upward move from the $315 swing low to the $345 high.<\/p>\n

It is now trading below $330 and the 100 simple moving average (4 hours). Besides, there is a key bullish trend line forming with support near $325 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

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

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

On the upside, BNB is facing resistance near the $330 level and the 100 simple moving average (4 hours). The next major resistance is near the $335 level. A clear move above the $335 resistance might spark bullish moves. The next major resistance is near the $345 level, above which the price might rise toward the $350 resistance. Any more gains might send the price toward the $365 level.<\/p>\n

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

If BNB fails to clear the $330 resistance, it could continue to move down. Initial support on the downside is near the $325 level or the trend line.<\/p>\n

The next major support is near the $322 level. If there is a downside break below the $322 support, there could be an extended decline toward the $315 support.<\/p>\n

Technical Indicators<\/p>\n

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

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

Major Support Levels \u2013 $325, $322, and $315.<\/p>\n

Major Resistance Levels \u2013 $330, $335, and $345.<\/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-22869","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\/22869","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=22869"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22869\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=22869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=22869"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=22869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}