{"id":1653,"date":"2024-12-06T06:00:22","date_gmt":"2024-12-06T06:00:22","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/bnb-price-eyes-another-leap-is-a-fresh-surge-incoming\/"},"modified":"2024-12-06T06:00:22","modified_gmt":"2024-12-06T06:00:22","slug":"bnb-price-eyes-another-leap-is-a-fresh-surge-incoming","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/bnb-price-eyes-another-leap-is-a-fresh-surge-incoming\/","title":{"rendered":"BNB Price Eyes Another Leap: Is a Fresh Surge Incoming?"},"content":{"rendered":"<p><em>BNB price is consolidating near the $725 zone. The price is showing positive signs and might aim for a move above the $740 resistance.<\/em><\/p>\n<ul>\n<li>BNB price started a downside correction from the $800 resistance zone.<\/li>\n<li>The price is now trading above $700 and the 100-hourly simple moving average.<\/li>\n<li>There is a key bearish trend line forming with resistance at $725 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair must stay above the $715 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 $700 level, BNB price extended its increase, like Ethereum and Bitcoin. The bulls were able to pump the price above the $720 and $750 resistance levels.<\/p>\n<p>Finally, the price tested the $800 zone. A high was formed at $794 before there was a downside correction. There was a move below the $750 and $740 levels. However, the price is now holding gains above the $700 level. A low was formed at $688 and the price is now consolidating above the 23.6% Fib retracement level of the downward move from the $795 swing high to the $688 low.<\/p>\n<p>The price is now trading above $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $725level. There is also a key bearish trend line forming with resistance at $725 on the hourly chart of the BNB\/USD pair.<\/p>\n<p>The next resistance sits near the $740 level. It is near the 50% Fib retracement level of the downward move from the $795 swing high to the $688 low. A clear move above the $740 zone could send the price higher.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-658177\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Binance-Coin-BNB.png?resize=1024%2C478\" alt=\"BNB Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>In the stated case, BNB price could test $750. A close above the $750 resistance might set the pace for a larger move toward the $785 resistance. Any more gains might call for a test of the $800 level in the near term.<\/p>\n<h2>Another Dip?<\/h2>\n<p>If BNB fails to clear the $725 resistance, it could start another decline. Initial support on the downside is near the $715 level. The next major support is near the $700 level.<\/p>\n<p>The main support sits at $685. If there is a downside break below the $685 support, the price could drop toward the $665 support. Any more losses could initiate a larger decline toward the $650 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 above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $715 and $700.<\/p>\n<p>Major Resistance Levels \u2013 $740 and $750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB price is consolidating near the $725 zone. The price is showing positive signs and might aim for a move above the $740 resistance. BNB price started a downside correction from the $800 resistance zone. The price is now trading above $700 and the 100-hourly simple moving average. There is a key bearish trend line&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1654,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[442],"tags":[716,443,717,718,445,446],"class_list":["post-1653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bnb","tag-binance-coin","tag-bnb","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1653","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=1653"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/1653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/1654"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=1653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=1653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=1653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}