Tuesday, July 29, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

BNB Price Recovery in Limbo: Potential Cap Looms Amid Market Uncertainties

by SB Crypto Guru News
May 15, 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0


BNB price is showing bearish signs below the $600 level. The price must settle above the $575 and $585 resistance levels to gain bullish momentum.

  • BNB price started a fresh decline after it failed to clear the $600 resistance zone.
  • The price is now trading below $585 and the 100 simple moving average (4 hours).
  • There is a key bearish trend line forming with resistance near $575 on the hourly chart of the BNB/USD pair (data source from Binance).
  • The pair could gain bullish momentum if it clears the $585 resistance zone.

BNB Price Dips Again

After a decent increase, BNB price struggled near the $600 resistance. As a result, there was a bearish reaction below the $585 support, like Ethereum and Bitcoin.

The price dipped below the $575 support and the 100 simple moving average (4 hours). It traded as low as $561 and is currently consolidating losses. There was a minor upward move above the $565 level. The price tested the 23.6% Fib retracement level of the downward move from the $600 swing high to the $561 low.

It is now trading below $585 and the 100 simple moving average (4 hours). Immediate resistance is near the $575 level. There is also a key bearish trend line forming with resistance near $575 on the hourly chart of the BNB/USD pair.

The next resistance sits near the $585 level or the 61.8% Fib retracement level of the downward move from the $600 swing high to the $561 low. A clear move above the $585 zone could send the price higher.

BNB Price

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 $650 resistance. Any more gains might call for a test of the $680 level in the coming days.

More Losses?

If BNB fails to clear the $575 resistance, it could continue to move down. Initial support on the downside is near the $560 level.

The next major support is near the $550 level. The main support sits at $532. If there is a downside break below the $532 support, the price could drop toward the $510 support. Any more losses could initiate a larger decline toward the $500 level.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level.

Major Support Levels – $565, $550, and $532.

Major Resistance Levels – $575, $585, and $600.



Source link

Tags: Bitcoin NewsBNBCapCrypto NewsCrypto UpdatesLatest News on CryptolimboloomsMarketPotentialPriceRecoverySB Crypto Guru NewsUncertainties
Previous Post

Who’s Buying The Bitcoin ETFs? Bitwise CIO Shares Insights

Next Post

Robinhood Bets Big on Crypto in Europe: Launches Staking

Related Posts

Pendle TVL surpasses B ATH as new catalysts emerge: what’s next?

Pendle TVL surpasses $7B ATH as new catalysts emerge: what’s next?

by SB Crypto Guru News
July 28, 2025
0

The protocol’s TVL touched $7.02 billion today. Upcoming developments like Boros, HyperEVM, and Converge suggest continued growth. PENDLE’s price has...

SOL targets 0 amid ETF buzz

SOL targets $250 amid ETF buzz

by SB Crypto Guru News
July 28, 2025
0

Key takeaways SOL is trading at $197 after adding 2% to its value over the weekend. The coin could rally...

Solana (SOL) Revs Up Again – Fresh Breakout Above 0 in Sight?

Solana (SOL) Revs Up Again – Fresh Breakout Above $200 in Sight?

by SB Crypto Guru News
July 28, 2025
0

Solana started a fresh increase above the $188 zone. SOL price is now consolidating gains and might aim for more...

Ethereum Price Eyes K Again – Will This Be the Breakout That Sticks?

Ethereum Price Eyes $4K Again – Will This Be the Breakout That Sticks?

by SB Crypto Guru News
July 28, 2025
0

Ethereum price started a fresh increase above the $3,800 zone. ETH is now showing positive signs and might soon aim...

XRP Produces Successful  Support Retest –  But What Next?

XRP Produces Successful $3 Support Retest – But What Next?

by SB Crypto Guru News
July 26, 2025
0

Renowned market expert with X username CasiTrades has shared an interestingly bullish insight on the XRP market. Notably, this price...

Load More
Next Post
Robinhood Bets Big on Crypto in Europe: Launches Staking

Robinhood Bets Big on Crypto in Europe: Launches Staking

Future of Crypto in the Next 5 Years: A Deep Analysis

Future of Crypto in the Next 5 Years: A Deep Analysis

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.