{"id":1466,"date":"2024-11-26T06:00:23","date_gmt":"2024-11-26T06:00:23","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bnb-price-sets-up-for-a-comeback-bulls-eye-higher-levels\/"},"modified":"2024-11-26T06:00:23","modified_gmt":"2024-11-26T06:00:23","slug":"bnb-price-sets-up-for-a-comeback-bulls-eye-higher-levels","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bnb-price-sets-up-for-a-comeback-bulls-eye-higher-levels\/","title":{"rendered":"BNB Price Sets Up for a Comeback: Bulls Eye Higher Levels"},"content":{"rendered":"<p><em>BNB price is consolidating near the $640 zone. The price is holding the $625 support and might aim for a move above the $660 resistance.<\/em><\/p>\n<ul>\n<li>BNB price started a downside correction from the $685 resistance zone.<\/li>\n<li>The price is now trading below $650 and the 100-hourly simple moving average.<\/li>\n<li>There is a key declining channel forming with resistance at $660 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair must stay above the $625 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 $640 level, BNB price extended its increase. However, upsides were limited above $685 and the price remained capped, unlike Ethereum and Bitcoin.<\/p>\n<p>There was a move below the $666 and $650 levels. However, the price is now holding gains above the $625 level. A low was formed at $626 and the price is now consolidating above the 23.6% Fib retracement level of the downward move from the $676 swing high to the $626 low.<\/p>\n<p>The price is now trading below $650 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $650 level. It is close to the 50% Fib retracement level of the downward move from the $676 swing high to the $626 low.<\/p>\n<p>The next resistance sits near the $660 level. There is also a key declining channel forming with resistance at $660 on the hourly chart of the BNB\/USD pair. A clear move above the $660 zone could send the price higher.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"wp-image-654911 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/11\/Binance-Coin-BNB-2.png?resize=1024%2C478\" alt=\"BNB Price \" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>In the stated case, BNB price could test $676. A close above the $676 resistance might set the pace for a larger move toward the $685 resistance. Any more gains might call for a test of the $700 level in the near term.<\/p>\n<h2>More Losses?<\/h2>\n<p>If BNB fails to clear the $660 resistance, it could start another decline. Initial support on the downside is near the $632 level. The next major support is near the $625 level.<\/p>\n<p>The main support sits at $615. If there is a downside break below the $615 support, the price could drop toward the $600 support. Any more losses could initiate a larger decline toward the $588 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is losing pace in the bearish 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 $632 and $625.<\/p>\n<p>Major Resistance Levels \u2013 $650 and $660.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB price is consolidating near the $640 zone. The price is holding the $625 support and might aim for a move above the $660 resistance. BNB price started a downside correction from the $685 resistance zone. The price is now trading below $650 and the 100-hourly simple moving average. There is a key declining channel&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[716,717,718,445,446,123],"class_list":["post-1466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-binance-coin","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt","tag-technical-analysis"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1466","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=1466"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1467"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}