• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • 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
  • 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 Steadies Above Support: Is a Bullish Comeback on the Horizon?

SB Crypto Guru News by SB Crypto Guru News
July 11, 2024
in Analysis
0 0
0
BNB Price Steadies Above Support: Is a Bullish Comeback on the Horizon?


BNB price started a recovery wave above the $500 resistance. The price is now consolidating and might aim for more gains above $530.

  • BNB price started a decent upward move from the $472 support zone.
  • The price is now trading above $500 and the 100-hourly simple moving average.
  • There is a key rising channel forming with support at $518 on the hourly chart of the BNB/USD pair (data source from Binance).
  • The pair could extend its recovery wave if it clears the $530 resistance in the near term.

BNB Price Starts Recovery

In the past few days, BNB price saw a decent recovery wave from the $472 support zone, like Ethereum and Bitcoin. The price was able to climb above the $495 and $500 resistance levels.

It even cleared the $520 resistance, but the bears were active near the $530 zone. A high was formed at $529.2 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $471 swing low to the $529 high.

The price is now trading above $520 and the 100-hourly simple moving average. There is also a key rising channel forming with support at $518 on the hourly chart of the BNB/USD pair.

If there is another recovery wave, the price could face resistance near the $530 level. The next resistance sits near the $542 level. A clear move above the $542 zone could send the price higher. In the stated case, BNB price could test $550.

BNB Price

A close above the $550 resistance might set the pace for a larger increase toward the $565 resistance. Any more gains might call for a test of the $580 level in the coming days.

Another Decline?

If BNB fails to clear the $530 resistance, it could start a fresh decline. Initial support on the downside is near the $520 level or the channel trend line.

The next major support is near the $508 level. The main support sits at $500 and the 50% Fib retracement level of the upward move from the $471 swing low to the $529 high. If there is a downside break below the $500 support, the price could drop toward the $485 support. Any more losses could initiate a larger decline toward the $472 level.

Technical Indicators

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

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

Major Support Levels – $520 and $500.

Major Resistance Levels – $530 and $542.



Source link

Tags: Bitcoin NewsBNBBullishcomebackCrypto NewsCrypto UpdatesHorizonLatest News on CryptoPriceSB Crypto Guru NewsSteadiesSupport
Previous Post

XRP Price Poised for a Bullish Path Unless This Support Paves Way

Next Post

Fideum | CryptoSlate

Next Post
Fideum | CryptoSlate

Fideum | CryptoSlate

  • Trending
  • Comments
  • Latest
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
5 Proven XR and AI Training Use Cases for Enterprises

5 Proven XR and AI Training Use Cases for Enterprises

June 2, 2025
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Capo Of Crypto Predicts Bitcoin Price Crash Below 0,000, Doom Call For Altcoins

Capo Of Crypto Predicts Bitcoin Price Crash Below $100,000, Doom Call For Altcoins

0
Ether eyes ,879 as technical indicators switch bullish

Ether eyes $2,879 as technical indicators switch bullish

0
Solana staking ETF launch ranks in top 1% with  million debut

Solana staking ETF launch ranks in top 1% with $33 million debut

0
HTX Backs Cold Storage and Automation in BitGo Deal to Attract Institutions

HTX Backs Cold Storage and Automation in BitGo Deal to Attract Institutions

0
One Big Beautiful Bill Narrowly Passes Senate

One Big Beautiful Bill Narrowly Passes Senate

0
13 Jobs Without College or AI: Salaries Can Start at k+

13 Jobs Without College or AI: Salaries Can Start at $70k+

0
Capo Of Crypto Predicts Bitcoin Price Crash Below 0,000, Doom Call For Altcoins

Capo Of Crypto Predicts Bitcoin Price Crash Below $100,000, Doom Call For Altcoins

July 3, 2025
Solana staking ETF launch ranks in top 1% with  million debut

Solana staking ETF launch ranks in top 1% with $33 million debut

July 3, 2025
One Big Beautiful Bill Narrowly Passes Senate

One Big Beautiful Bill Narrowly Passes Senate

July 3, 2025
Ether eyes ,879 as technical indicators switch bullish

Ether eyes $2,879 as technical indicators switch bullish

July 3, 2025
US Crypto Exchanges a ‘Blind Spot’ in North Korea Laundering Scheme

US Crypto Exchanges a ‘Blind Spot’ in North Korea Laundering Scheme

July 3, 2025
Altcoin Season Not Coming? Bitcoin Risks Crash To ,200 With Negative Sentiment

Altcoin Season Not Coming? Bitcoin Risks Crash To $98,200 With Negative Sentiment

July 3, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

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

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

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

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.