{"id":603975,"date":"2024-04-19T04:58:22","date_gmt":"2024-04-19T04:58:22","guid":{"rendered":"https:\/\/uniquehot.com\/?p=603975"},"modified":"2024-06-11T14:42:15","modified_gmt":"2024-06-11T14:42:15","slug":"bnb-price-bullish-streak-572","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bnb-price-bullish-streak-572\/","title":{"rendered":"BNB Price May Have Another Chance For A Bullish Streak: Here&#8217;s How"},"content":{"rendered":"<p><em>BNB price is attempting a fresh increase from the $515 zone. The price could gain bullish momentum if it clears the $572 resistance zone.<\/em><\/p>\n<ul>\n<li>BNB price started a fresh increase after it found support near the $515 zone.<\/li>\n<li>The price is now trading below $555 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair could gain bullish momentum if it clears the $572 resistance zone.<\/li>\n<\/ul>\n<h2>BNB Price Faces Hurdles<\/h2>\n<p>After a downside correction below $550, BNB price found support near the $515 zone. A low was formed at $513.6 and the price started a recovery wave, like <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-faces-test-2850\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> and <a href=\"https:\/\/uniquehot.com\/analysis\/btc\/bitcoin-price-risk-60k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a move above the $525 and $530 resistance levels. The bulls pushed the price above the $540 pivot level and the 23.6% Fib retracement level of the downward move from the $630 swing high to the $513 low. There was also a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB\/USD pair.<\/p>\n<p>The price is still trading below $550 and the 100 simple moving average (4 hours). Immediate resistance is near the $555 level. The next resistance sits near the $572 level or the 50% Fib retracement level of the downward move from the $630 swing high to the $513 low.<\/p>\n<p><a href=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-603976\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png?resize=1024%2C461\" alt=\"BNB Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png?w=1835 1835w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Binance-Coin-BNB-2.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BNBUSD on TradingView.com<\/a><\/p>\n<p>A clear move above the $572 zone could send the price further higher. In the stated case, BNB price could test $600. A close above the $600 resistance might set the pace for a larger increase toward the $630 resistance. Any more gains might call for a test of the $650 level in the coming days.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If BNB fails to clear the $572 resistance, it could start another decline. Initial support on the downside is near the $532 level.<\/p>\n<p>The next major support is near the $520 level. The main support sits at $515. If there is a downside break below the $515 support, the price could drop toward the $500 support. Any more losses could initiate a larger decline toward the $465 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for BNB\/USD is losing pace in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $532, $520, and $515.<\/p>\n<p>Major Resistance Levels \u2013 $555, $572, and $600.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB price is attempting a fresh increase from the $515 zone. The price could gain bullish momentum if it clears the $572 resistance zone. BNB price started a fresh increase after it found support near the $515 zone. The price is now trading below $555 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB\/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $572 resistance zone. BNB Price Faces Hurdles After a downside correction below $550, BNB price found support near the $515 zone. A low was formed at $513.6 and the price started a recovery wave, like Ethereum and Bitcoin. There was a move above the $525 and $530 resistance levels. The bulls pushed the price above the $540 pivot level and the 23.6% Fib retracement level of the downward move from the $630 swing high to the $513 low. There was also a break above a key bearish trend line with resistance at $540 on the 4-hour chart of the BNB\/USD pair. The price is still trading below $550 and the 100 simple moving average (4 hours). Immediate resistance is near the $555 level. The next resistance sits near the $572 level or the 50% Fib retracement level of the downward move from the $630 swing high to the $513 low. Source: BNBUSD on TradingView.com A clear move above the $572 zone could send the price further higher. In the stated case, BNB price could test $600. A close above the $600 resistance might set the pace for a larger increase toward the $630 resistance. Any more gains might call for a test of the $650 level in the coming days. Another Decline? If BNB fails to clear the $572 resistance, it could start another decline. Initial support on the downside is near the $532 level. The next major support is near the $520 level. The main support sits at $515. If there is a downside break below the $515 support, the price could drop toward the $500 support. Any more losses could initiate a larger decline toward the $465 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 below the 50 level. Major Support Levels \u2013 $532, $520, and $515. Major Resistance Levels \u2013 $555, $572, and $600.<\/p>\n","protected":false},"author":67,"featured_media":437842,"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-603975","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":"\n<title>BNB Price May Have Another Chance For A Bullish Streak: Here&#039;s How<\/title>\n<meta name=\"description\" content=\"BNB price is attempting a fresh increase from the $515 zone. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"BNB Price May Have Another Chance For A Bullish Streak: Here&#8217;s How","url":"http:\/\/uniquehot.com\/news\/bnb-price-bullish-streak-572\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bnb-price-bullish-streak-572\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/shutterstock_530809771.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/shutterstock_530809771.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance coin","bnb price","bnbbtc","bnbusd","bnbusdt"],"dateCreated":"2024-04-19T04:58:22Z","datePublished":"2024-04-19T04:58:22Z","dateModified":"2024-06-11T14:42:15Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BNB Price May Have Another Chance For A Bullish Streak: Here&#8217;s How\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bnb-price-bullish-streak-572\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bnb-price-bullish-streak-572\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_530809771.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_530809771.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance coin\",\"bnb price\",\"bnbbtc\",\"bnbusd\",\"bnbusdt\"],\"dateCreated\":\"2024-04-19T04:58:22Z\",\"datePublished\":\"2024-04-19T04:58:22Z\",\"dateModified\":\"2024-06-11T14:42:15Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/09\/shutterstock_530809771.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/603975"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=603975"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/603975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/437842"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=603975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=603975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=603975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}