{"id":1134,"date":"2024-11-08T06:00:21","date_gmt":"2024-11-08T06:00:21","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bnb-price-set-to-surge-could-it-be-the-next-big-mover\/"},"modified":"2024-11-08T06:00:21","modified_gmt":"2024-11-08T06:00:21","slug":"bnb-price-set-to-surge-could-it-be-the-next-big-mover","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bnb-price-set-to-surge-could-it-be-the-next-big-mover\/","title":{"rendered":"BNB Price Set to Surge: Could It Be the Next Big Mover?"},"content":{"rendered":"<p><em>BNB price struggled to stay above the $600 zone. The price is consolidating gains and might aim for a fresh increase above the $605 level.<\/em><\/p>\n<ul>\n<li>BNB price started a downside correction from the $612 resistance zone.<\/li>\n<li>The price is now trading above $590 and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bullish trend line forming with support at $595 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair must stay above the $588 level to start another increase in the near term.<\/li>\n<\/ul>\n<h2>BNB Price Holds Support<\/h2>\n<p>After a close above the $585 level, BNB price extended its increase. However, upsides were limited above $610 and the price remained capped unlike Ethereum and Bitcoin.<\/p>\n<p>There was a move below the $605 and $600 levels. The price even dipped below the 23.6% Fib retracement level of the upward move from the $543 swing low to the $611 high. However, the price is now holding gains above the $580 level.<\/p>\n<p>The price is now trading above $595 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $595 on the hourly chart of the BNB\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-652149 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Binance-Coin-BNB.png?resize=1024%2C478\" alt=\"BNB Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>If there is a fresh increase, the price could face resistance near the $605 level. The next resistance sits near the $612 level. A clear move above the $612 zone could send the price higher. In the stated case, BNB price could test $620. A close above the $620 resistance might set the pace for a larger move toward the $632 resistance. Any more gains might call for a test of the $650 level in the near term.<\/p>\n<h2>More Losses?<\/h2>\n<p>If BNB fails to clear the $605 resistance, it could start another decline. Initial support on the downside is near the $595 level and the trend line. The next major support is near the $578 level or the 50% Fib retracement level of the upward move from the $543 swing low to the $611 high.<\/p>\n<p>The main support sits at $570. If there is a downside break below the $570 support, the price could drop toward the $560 support. Any more losses could initiate a larger decline toward the $550 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is losing pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $595 and $578.<\/p>\n<p>Major Resistance Levels \u2013 $605 and $612.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB price struggled to stay above the $600 zone. The price is consolidating gains and might aim for a fresh increase above the $605 level. BNB price started a downside correction from the $612 resistance zone. The price is now trading above $590 and the 100-hourly simple moving average. There is a connecting bullish trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[123],"class_list":["post-1134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=1134"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1134\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1135"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}