{"id":26590,"date":"2023-07-11T04:52:52","date_gmt":"2023-07-11T08:52:52","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26590"},"modified":"2023-07-11T04:52:52","modified_gmt":"2023-07-11T08:52:52","slug":"bnb-price-at-make-or-break-levels-as-the-bulls-aim-big-above-this-resistance","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/11\/bnb-price-at-make-or-break-levels-as-the-bulls-aim-big-above-this-resistance\/","title":{"rendered":"BNB Price at Make-or-Break Levels As The Bulls Aim Big Above This Resistance"},"content":{"rendered":"

BNB price (Binance coin) is rising above $245 against the US Dollar. The price could start a strong increase if it clears the $250 and $255 resistance levels.<\/em><\/p>\n

Binance coin price is attempting a fresh increase from the $232 zone against the US Dollar.
\nThe price is now trading above $240 and the 100 simple moving average (4 hours).
\nThere is a major bearish trend line forming with resistance near $248 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might gain bullish momentum above $248 and $250.<\/p>\n

Binance Coin Price Eyes Fresh Rally<\/h2>\n

In the past few days, BNB price saw a couple of swing moves from $250. There was a move below the $240 support zone. However, the bulls were seen active near the $232 support zone.<\/p>\n

The price traded as low as $231 and is currently rising, similar to Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $240 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $255 swing high to the $231 low.<\/p>\n

BNB price is now trading above $240 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $248 level. There is also a major bearish trend line forming with resistance near $248 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

It is close to the 76.4% Fib retracement level of the downward move from the $255 swing high to the $231 low. The next major resistance is near $250. A close above the $250 resistance might increase the chances of a push above the $255 resistance.<\/p>\n\n

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

A clear move above the $252 resistance might start a steady increase. The next major resistance is near the $270 level, above which the price might rise toward the $285 resistance.<\/p>\n

Another Rejection in BNB?<\/h2>\n

If BNB fails to clear the $250 resistance, it could start another decline. Initial support on the downside is near the $240 level and the 100 simple moving average (4 hours).<\/p>\n

The next major support is near the $232 level. If there is a downside break below the $232 support, the price could drop toward the $222 support. Any more losses could send the price toward the $210 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 $240, $232, and $225.<\/p>\n

Major Resistance Levels \u2013 $250, $255, and $270.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price (Binance coin) is rising above $245 against the US Dollar. The price could start a strong increase if it clears the $250 and $255 resistance levels.<\/em><\/p>\n

Binance coin price is attempting a fresh increase from the $232 zone against the US Dollar.
\nThe price is now trading above $240 and the 100 simple moving average (4 hours).
\nThere is a major bearish trend line forming with resistance near $248 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might gain bullish momentum above $248 and $250.<\/p>\n

Binance Coin Price Eyes Fresh Rally<\/h2>\n

In the past few days, BNB price saw a couple of swing moves from $250. There was a move below the $240 support zone. However, the bulls were seen active near the $232 support zone.<\/p>\n

The price traded as low as $231 and is currently rising, similar to Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $240 resistance. The price climbed above the 50% Fib retracement level of the downward move from the $255 swing high to the $231 low.<\/p>\n

BNB price is now trading above $240 and the 100 simple moving average (4 hours). On the upside, it is facing resistance near the $248 level. There is also a major bearish trend line forming with resistance near $248 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

It is close to the 76.4% Fib retracement level of the downward move from the $255 swing high to the $231 low. The next major resistance is near $250. A close above the $250 resistance might increase the chances of a push above the $255 resistance.<\/p>\n

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

A clear move above the $252 resistance might start a steady increase. The next major resistance is near the $270 level, above which the price might rise toward the $285 resistance.<\/p>\n

Another Rejection in BNB?<\/h2>\n

If BNB fails to clear the $250 resistance, it could start another decline. Initial support on the downside is near the $240 level and the 100 simple moving average (4 hours).<\/p>\n

The next major support is near the $232 level. If there is a downside break below the $232 support, the price could drop toward the $222 support. Any more losses could send the price toward the $210 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 $240, $232, and $225.<\/p>\n

Major Resistance Levels \u2013 $250, $255, and $270.<\/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-26590","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\/26590","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=26590"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26590\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26590"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}