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{"id":573321,"date":"2024-02-05T05:20:00","date_gmt":"2024-02-05T05:20:00","guid":{"rendered":"https:\/\/uniquehot.com\/?p=573321"},"modified":"2024-06-11T14:39:57","modified_gmt":"2024-06-11T14:39:57","slug":"bnb-price-increase-310","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bnb-price-increase-310\/","title":{"rendered":"BNB Price Increase To Continue? This Resistance Could Trigger Fresh Rally"},"content":{"rendered":"

BNB price is attempting a fresh increase from the $288 zone. The price could start a fresh rally if there is a clear move above the $310 resistance.<\/em><\/p>\n

\n
BNB price is showing bullish signs above the $300 pivot level.<\/li>\n
The price is now trading below $310 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bearish trend line forming with resistance near $306 on the 4-hour chart of the BNB\/USD pair (data source from Binance).<\/li>\n
The pair gather bullish momentum if there is a close above the $308-$310 resistance zone.<\/li>\n<\/ul>\n
BNB Price Eyes Fresh Rally<\/h2>\n
In the past few days, BNB price started a decent increase and cleared the $300 resistance zone, unlike Bitcoin<\/a> and Ethereum<\/a>. There was a move above the $305 level before the bears appeared.<\/p>\n
A high was formed near $313 and the price recently started a downside correction. There was a move below the $308 level. The price declined below the 50% Fib retracement level of the upward move from the $287 swing low to the $313 high.<\/p>\n
BNB is now consolidating near $305 and the 100 simple moving average (4 hours). Immediate resistance is near the $308 level. There is also a key bearish trend line forming with resistance near $306 on the 4-hour chart of the BNB\/USD pair.<\/p>\n
$\"BNB$ <\/a><\/p>\n
Source: BNBUSD on TradingView.com<\/a><\/p>\n
The next resistance sits near the $310 level. A clear move above the $310 zone could send the price further higher. In the stated case, BNB price could test $320. A close above the $320 resistance might set the pace for a larger increase toward the $335 resistance. Any more gains might call for a test of the $350 level.<\/p>\n
Another Decline?<\/h2>\n
If BNB fails to clear the $310 resistance, it could continue to move down. Initial support on the downside is near the $300 level. The next major support is near the $292 level or the 76.4% Fib retracement level of the upward move from the $287 swing low to the $313 high.<\/p>\n
The main support sits at $288. If there is a downside break below the $288 support, the price could drop toward the $275 support. Any more losses could initiate a larger decline toward the $262 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 $300, $292, and $288.<\/p>\n
Major Resistance Levels \u2013 $308, $310, and $320.<\/p>\n","protected":false},"excerpt":{"rendered":"
BNB price is attempting a fresh increase from the $288 zone. The price could start a fresh rally if there is a clear move above the $310 resistance. BNB price is showing bullish signs above the $300 pivot level. The price is now trading below $310 and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $306 on the 4-hour chart of the BNB\/USD pair (data source from Binance). The pair gather bullish momentum if there is a close above the $308-$310 resistance zone. BNB Price Eyes Fresh Rally In the past few days, BNB price started a decent increase and cleared the $300 resistance zone, unlike Bitcoin and Ethereum. There was a move above the $305 level before the bears appeared. A high was formed near $313 and the price recently started a downside correction. There was a move below the $308 level. The price declined below the 50% Fib retracement level of the upward move from the $287 swing low to the $313 high. BNB is now consolidating near $305 and the 100 simple moving average (4 hours). Immediate resistance is near the $308 level. There is also a key bearish trend line forming with resistance near $306 on the 4-hour chart of the BNB\/USD pair. Source: BNBUSD on TradingView.com The next resistance sits near the $310 level. A clear move above the $310 zone could send the price further higher. In the stated case, BNB price could test $320. A close above the $320 resistance might set the pace for a larger increase toward the $335 resistance. Any more gains might call for a test of the $350 level. Another Decline? If BNB fails to clear the $310 resistance, it could continue to move down. Initial support on the downside is near the $300 level. The next major support is near the $292 level or the 76.4% Fib retracement level of the upward move from the $287 swing low to the $313 high. The main support sits at $288. If there is a downside break below the $288 support, the price could drop toward the $275 support. Any more losses could initiate a larger decline toward the $262 level. Technical Indicators 4-Hours MACD \u2013 The MACD for BNB\/USD is losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level. Major Support Levels \u2013 $300, $292, and $288. Major Resistance Levels \u2013 $308, $310, and $320.<\/p>\n","protected":false},"author":67,"featured_media":410409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[13291,86483,79546,79524,79611],"class_list":["post-573321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-coin","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"acf":[],"yoast_head":"\nBNB Price Increase To Continue? This Resistance Could Trigger Fresh Rally<\/title>\n<meta name=\"description\" content=\"BNB price is attempting a fresh increase from the $288 zone. 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