{"id":31528,"date":"2023-10-27T04:52:42","date_gmt":"2023-10-27T08:52:42","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=31528"},"modified":"2023-10-27T04:52:42","modified_gmt":"2023-10-27T08:52:42","slug":"bnb-price-at-make-or-break-moment-key-levels-to-watch","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/27\/bnb-price-at-make-or-break-moment-key-levels-to-watch\/","title":{"rendered":"BNB Price At Make-Or-Break Moment, Key Levels To Watch"},"content":{"rendered":"

BNB price struggled to climb above $240 and corrected gains against the US Dollar. It is now approaching a major support zone at $220 and $215.<\/em><\/p>\n

BNB price is slowly moving lower toward the $220 support against the US Dollar.
\nThe price is now trading above $215 and the 100 simple moving average (4 hours).
\nThere is a key bullish flag pattern forming with resistance near $225 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might gain bullish momentum if there is a clear move above $228.<\/p>\n

BNB Price Eyes Fresh Increase<\/h2>\n

These past few days, BNB price saw a decent recovery wave above the key $220 resistance<\/a> zone. Bitcoin<\/a> rallied over 20% to $35,000 and helped BNB avoid a major downside break.<\/p>\n

The price climbed above the $225 and $230 resistance levels. However, it struggled near the $238-$240 zone. A high was formed near $237.6 and the price recently started a downside correction. There was a move below the $235 level.<\/p>\n

BNB dipped below the 50% Fib retracement level of the upward move from the $208.3 swing low to the $237.6 high. It is now trading above $215 and the 100 simple moving average (4 hours). There is also a key bullish flag pattern forming with resistance near $225 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

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

If there is a fresh increase, the price could face resistance near the $225 level. The next resistance sits near the $228 level. A clear move above the $228 zone could send the price further higher. In the stated case, BNB price could test $238. A close above the $238 resistance might set the pace for a larger increase toward the $250 resistance.<\/p>\n

More Losses?<\/h2>\n

If BNB fails to clear the $228 resistance, it could start another decline. Initial support on the downside is near the $220 level and the 61.8% Fib retracement level of the upward move from the $208.3 swing low to the $237.6 high.<\/p>\n

The next major support is near the $215 level or the 100 simple moving average (4 hours). If there is a downside break below the $215 support, the price could drop toward the $207 support. Any more losses could initiate a larger decline toward the $202 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $220, $215, and $207.<\/p>\n

Major Resistance Levels \u2013 $225, $228, and $238.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price struggled to climb above $240 and corrected gains against the US Dollar. It is now approaching a major support zone at $220 and $215.<\/em><\/p>\n

BNB price is slowly moving lower toward the $220 support against the US Dollar.
\nThe price is now trading above $215 and the 100 simple moving average (4 hours).
\nThere is a key bullish flag pattern forming with resistance near $225 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might gain bullish momentum if there is a clear move above $228.<\/p>\n

BNB Price Eyes Fresh Increase<\/h2>\n

These past few days, BNB price saw a decent recovery wave above the key $220 resistance<\/a> zone. Bitcoin<\/a> rallied over 20% to $35,000 and helped BNB avoid a major downside break.<\/p>\n

The price climbed above the $225 and $230 resistance levels. However, it struggled near the $238-$240 zone. A high was formed near $237.6 and the price recently started a downside correction. There was a move below the $235 level.<\/p>\n

BNB dipped below the 50% Fib retracement level of the upward move from the $208.3 swing low to the $237.6 high. It is now trading above $215 and the 100 simple moving average (4 hours). There is also a key bullish flag pattern forming with resistance near $225 on the 4-hour chart of the BNB\/USD pair.<\/p>\n

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

If there is a fresh increase, the price could face resistance near the $225 level. The next resistance sits near the $228 level. A clear move above the $228 zone could send the price further higher. In the stated case, BNB price could test $238. A close above the $238 resistance might set the pace for a larger increase toward the $250 resistance.<\/p>\n

More Losses?<\/h2>\n

If BNB fails to clear the $228 resistance, it could start another decline. Initial support on the downside is near the $220 level and the 61.8% Fib retracement level of the upward move from the $208.3 swing low to the $237.6 high.<\/p>\n

The next major support is near the $215 level or the 100 simple moving average (4 hours). If there is a downside break below the $215 support, the price could drop toward the $207 support. Any more losses could initiate a larger decline toward the $202 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 above the 50 level.<\/p>\n

Major Support Levels \u2013 $220, $215, and $207.<\/p>\n

Major Resistance Levels \u2013 $225, $228, and $238.<\/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-31528","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\/31528","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=31528"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31528\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=31528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=31528"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=31528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}