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{"id":677431,"date":"2025-01-17T05:08:29","date_gmt":"2025-01-17T05:08:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=677431"},"modified":"2025-01-17T04:06:33","modified_gmt":"2025-01-17T04:06:33","slug":"bnb-price-gains-720","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/bnb\/bnb-price-gains-720\/","title":{"rendered":"BNB Price Poised for Gains: Bulls Push for New Highs"},"content":{"rendered":"

BNB price is consolidating above the $700 support zone. The price is consolidating and might aim for a fresh increase above the $720 resistance.<\/em><\/p>\n

\n
BNB price is struggling to clear the $720 resistance zone.<\/li>\n
The price is now trading above $700 and the 100-hourly simple moving average.<\/li>\n
There is a key bullish trend line forming with support at $708 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n
The pair must stay above the $700 level to start another increase in the near term.<\/li>\n<\/ul>\n
BNB Price Aims Higher<\/h2>\n
After a downside correction, BNB price found support at $690. It is now recovering losses like Ethereum<\/a> and Bitcoin<\/a>. There was a move above the $700 level.<\/p>\n
The bulls were able to push the price above the $712 resistance. However, the bears are active near the $720 zone. A high was formed at $717 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $689 swing low to the $717 high.<\/p>\n
The price is now trading above $700 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $708 on the hourly chart of the BNB\/USD pair.<\/p>\n
$\"BNB$ <\/a>
Source: BNBUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
If there is a fresh increase, the price could face resistance near the $718 level. The next resistance sits near the $720 level. A clear move above the $720 zone could send the price higher. In the stated case, BNB price could test $732. A close above the $732 resistance might set the pace for a larger move toward the $740 resistance. Any more gains might call for a test of the $750 level in the near term.<\/p>\n
Another Dip?<\/h2>\n
If BNB fails to clear the $720 resistance, it could start another decline. Initial support on the downside is near the $708 level and the trend line. The next major support is near the $703 level.<\/p>\n
The main support sits at $700 or the 61.8% Fib retracement level of the upward move from the $689 swing low to the $717 high. If there is a downside break below the $700 support, the price could drop toward the $692 support. Any more losses could initiate a larger decline toward the $685 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for BNB\/USD is losing pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n
Major Support Levels \u2013 $708 and $700.<\/p>\n
Major Resistance Levels \u2013 $720 and $732.<\/p>\n","protected":false},"excerpt":{"rendered":"
BNB price is consolidating above the $700 support zone. The price is consolidating and might aim for a fresh increase above the $720 resistance. BNB price is struggling to clear the $720 resistance zone. The price is now trading above $700 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $708 on the hourly chart of the BNB\/USD pair (data source from Binance). The pair must stay above the $700 level to start another increase in the near term. BNB Price Aims Higher After a downside correction, BNB price found support at $690. It is now recovering losses like Ethereum and Bitcoin. There was a move above the $700 level. The bulls were able to push the price above the $712 resistance. However, the bears are active near the $720 zone. A high was formed at $717 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $689 swing low to the $717 high. The price is now trading above $700 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $708 on the hourly chart of the BNB\/USD pair. If there is a fresh increase, the price could face resistance near the $718 level. The next resistance sits near the $720 level. A clear move above the $720 zone could send the price higher. In the stated case, BNB price could test $732. A close above the $732 resistance might set the pace for a larger move toward the $740 resistance. Any more gains might call for a test of the $750 level in the near term. Another Dip? If BNB fails to clear the $720 resistance, it could start another decline. Initial support on the downside is near the $708 level and the trend line. The next major support is near the $703 level. The main support sits at $700 or the 61.8% Fib retracement level of the upward move from the $689 swing low to the $717 high. If there is a downside break below the $700 support, the price could drop toward the $692 support. Any more losses could initiate a larger decline toward the $685 level. Technical Indicators Hourly MACD \u2013 The MACD for BNB\/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level. Major Support Levels \u2013 $708 and $700. Major Resistance Levels \u2013 $720 and $732.<\/p>\n","protected":false},"author":67,"featured_media":677433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83365],"tags":[13291,86483,79546,79524,79611],"class_list":["post-677431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bnb","tag-binance-coin","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"acf":[],"yoast_head":"\nBNB Price Poised for Gains: Bulls Push for New Highs<\/title>\n<meta name=\"description\" content=\"BNB price is consolidating above the $700 support zone. 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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 Poised for Gains: Bulls Push for New Highs","url":"http:\/\/uniquehot.com\/analysis\/bnb\/bnb-price-gains-720\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/bnb\/bnb-price-gains-720\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2025\/01\/BNB-Price-Poised-for-Gains.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2025\/01\/BNB-Price-Poised-for-Gains.jpg?fit=1792%2C1024"},"articleSection":"BNB","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":"2025-01-17T05:08:29Z","datePublished":"2025-01-17T05:08:29Z","dateModified":"2025-01-17T05:08:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BNB Price Poised for Gains: Bulls Push for New Highs\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/bnb\\\/bnb-price-gains-720\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/bnb\\\/bnb-price-gains-720\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/BNB-Price-Poised-for-Gains.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2025\\\/01\\\/BNB-Price-Poised-for-Gains.jpg?fit=1792%2C1024\"},\"articleSection\":\"BNB\",\"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\":\"2025-01-17T05:08:29Z\",\"datePublished\":\"2025-01-17T05:08:29Z\",\"dateModified\":\"2025-01-17T05:08:29Z\"}<\/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\/2025\/01\/BNB-Price-Poised-for-Gains.jpg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/677431","targetHints":{"allow":["GET"]}}],"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=677431"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/677431\/revisions"}],"predecessor-version":[{"id":677434,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/677431\/revisions\/677434"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/677433"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=677431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=677431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=677431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}