{"id":649190,"date":"2024-10-22T05:58:16","date_gmt":"2024-10-22T05:58:16","guid":{"rendered":"https:\/\/uniquehot.com\/?p=649190"},"modified":"2024-10-22T05:18:47","modified_gmt":"2024-10-22T05:18:47","slug":"bnb-price-increase-600","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/bnb\/bnb-price-increase-600\/","title":{"rendered":"BNB Price Poised for Fresh Increase: Will Momentum Build?"},"content":{"rendered":"
BNB price corrected gains below the $605 level. The price is now holding the key $588 support and might aim for a fresh increase.<\/em><\/p>\n
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BNB price started a downside correction from the $612 resistance zone.<\/li>\n
The price is now trading below $600 and the 100-hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $595 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n
The pair must stay above the $588 level to start another increase in the near term.<\/li>\n<\/ul>\n
BNB Price Could Regain Traction<\/h2>\n
After a decent upward move, BNB price saw a rejection pattern nears the $612 zone. A high was formed at $611 and the price started a downside correction like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n