{"id":35025,"date":"2024-01-12T05:52:40","date_gmt":"2024-01-12T09:52:40","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35025"},"modified":"2024-01-12T05:52:40","modified_gmt":"2024-01-12T09:52:40","slug":"bnb-price-prediction-why-bulls-could-aim-fresh-rally-to-350","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/12\/bnb-price-prediction-why-bulls-could-aim-fresh-rally-to-350\/","title":{"rendered":"BNB Price Prediction \u2013 Why Bulls Could Aim Fresh Rally To $350"},"content":{"rendered":"

BNB price is holding gains above the $300 pivot level. It is showing positive signs and might rally toward the $350 resistance zone.<\/em><\/p>\n

BNB price is moving higher above the $300 resistance.
\nThe price is now trading near $310 and the 100 simple moving average (4 hours).
\nThere is a key declining channel or a bullish flag pattern forming with resistance near $325 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might continue to move up if there is a clear move above $315 and $325<\/p>\n

BNB Price Aims Higher<\/h2>\n

After a major increase, BNB price faced resistance near the $340 zone. The price started a downside correction and recently tested the $290 zone. A low was formed near $289, and the price is now attempting a fresh increase, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $295 and $300 levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $332 swing high to the $289 low. BNB is now trading near $310 and the 100 simple moving average (4 hours).<\/p>\n

The current price action is positive and signals more upsides. Immediate resistance is near the $315 level. It is close to the 61.8% Fib retracement level of the downward move from the $332 swing high to the $289 low.<\/p>\n

The next resistance sits near the $322 level. There is also a key declining channel or a bullish flag pattern forming with resistance near $325 on the 4-hour chart of the BNB\/USD pair. A clear move above the $225 zone could send the price further higher.<\/p>\n

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

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

In the stated case, BNB price could test $340. A close above the $340 resistance might set the pace for a larger increase toward the $350 resistance. Any more gains might call for a test of the $375 level.<\/p>\n

Downside Correction?<\/h2>\n

If BNB fails to clear the $322 resistance, it could start a downside correction. Initial support on the downside is near the $300 level.<\/p>\n

The next major support is near the $292 level. The main support sits at $288. If there is a downside break below the $288 support, the price could drop toward the $262 support. Any more losses could initiate a larger decline toward the $250 level.<\/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 $300, $292, and $288.<\/p>\n

Major Resistance Levels \u2013 $315, $322, and $325.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

BNB price is holding gains above the $300 pivot level. It is showing positive signs and might rally toward the $350 resistance zone.<\/em><\/p>\n

BNB price is moving higher above the $300 resistance.
\nThe price is now trading near $310 and the 100 simple moving average (4 hours).
\nThere is a key declining channel or a bullish flag pattern forming with resistance near $325 on the 4-hour chart of the BNB\/USD pair (data source from Binance).
\nThe pair might continue to move up if there is a clear move above $315 and $325<\/p>\n

BNB Price Aims Higher<\/h2>\n

After a major increase, BNB price faced resistance near the $340 zone. The price started a downside correction and recently tested the $290 zone. A low was formed near $289, and the price is now attempting a fresh increase, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $295 and $300 levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $332 swing high to the $289 low. BNB is now trading near $310 and the 100 simple moving average (4 hours).<\/p>\n

The current price action is positive and signals more upsides. Immediate resistance is near the $315 level. It is close to the 61.8% Fib retracement level of the downward move from the $332 swing high to the $289 low.<\/p>\n

The next resistance sits near the $322 level. There is also a key declining channel or a bullish flag pattern forming with resistance near $325 on the 4-hour chart of the BNB\/USD pair. A clear move above the $225 zone could send the price further higher.<\/p>\n

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

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

In the stated case, BNB price could test $340. A close above the $340 resistance might set the pace for a larger increase toward the $350 resistance. Any more gains might call for a test of the $375 level.<\/p>\n

Downside Correction?<\/h2>\n

If BNB fails to clear the $322 resistance, it could start a downside correction. Initial support on the downside is near the $300 level.<\/p>\n

The next major support is near the $292 level. The main support sits at $288. If there is a downside break below the $288 support, the price could drop toward the $262 support. Any more losses could initiate a larger decline toward the $250 level.<\/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 $300, $292, and $288.<\/p>\n

Major Resistance Levels \u2013 $315, $322, and $325.<\/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-35025","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\/35025","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=35025"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35025\/revisions"}],"predecessor-version":[{"id":35032,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35025\/revisions\/35032"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35025"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}