{"id":53615,"date":"2024-08-14T06:10:56","date_gmt":"2024-08-14T06:10:56","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2024\/08\/14\/bnb-price-back-on-track-can-it-break-535-to-move-higher\/"},"modified":"2024-08-14T06:10:57","modified_gmt":"2024-08-14T06:10:57","slug":"bnb-price-back-on-track-can-it-break-535-to-move-higher","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2024\/08\/14\/bnb-price-back-on-track-can-it-break-535-to-move-higher\/","title":{"rendered":"BNB Price Back on Track: Can It Break $535 to Move Higher?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<p><em>BNB worth is recovering increased from the <\/em><em>$500 help zone. The worth is now exhibiting optimistic indicators and may goal for extra upsides above $535.<\/em><\/p>\n<ul>\n<li>BNB worth began a restoration wave from the $500 help zone.<\/li>\n<li>The worth is now buying and selling above $515 and the 100-hourly easy shifting common.<\/li>\n<li>There is a key rising channel forming with resistance at $528 on the hourly chart of the BNB\/USD pair (information supply from Binance).<\/li>\n<li>The pair might achieve bullish momentum if it clears the $535-$538 resistance zone.<\/li>\n<\/ul>\n<h2>BNB Price Eyes More Upsides<\/h2>\n<p>After forming a base above the $500 stage, BNB worth began an honest upward transfer like <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-bulls-sights-3k\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-crosses-60k\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a>. The worth cleared the $510 and $515 resistance ranges to transfer right into a short-term bullish zone.<\/p>\n<p>The worth surpassed the 50% Fib retracement stage of the downward transfer from the $5376 swing excessive to the $499 low. It even cleared the $520 resistance. The worth is now buying and selling above $515 and the 100-hourly easy shifting common.<\/p>\n<p>It is now consolidating close to the 61% Fib retracement stage of the downward transfer from the $5376 swing excessive to the $499 low. On the upside, the worth might face resistance close to the $528 stage. There can be a key rising channel forming with resistance at $528 on the hourly chart of the BNB\/USD pair.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/08\/Binance-Coin-BNB-1.png?resize=1024%2C461\"><img decoding=\"async\" class=\"wp-image-635338 size-full\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/08\/Binance-Coin-BNB-1.png?resize=1024%2C461\" alt=\"BNB Price\" width=\"1024\" height=\"461\" loading=\"lazy\" data-recalc-dims=\"1\" \/><\/a><\/p>\n<p>The subsequent resistance sits close to the $535 stage. A transparent transfer above the $535 zone might ship the worth increased. In the acknowledged case, BNB worth might check $550. A detailed above the $550 resistance may set the tempo for a bigger improve towards the $565 resistance. Any extra positive aspects may name for a check of the $580 stage within the close to time period.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If BNB fails to clear the $535 resistance, it might begin one other decline. Initial help on the draw back is close to the $520 stage. The subsequent main help is close to the $518 stage.<\/p>\n<p>The primary help sits at $508. If there&#8217;s a draw back break under the $508 help, the worth might drop towards the $500 help. Any extra losses might provoke a bigger decline towards the $480 stage.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is gaining tempo within the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is presently above the 50 stage.<\/p>\n<p>Major Support Levels \u2013 $518 and $508.<\/p>\n<p>Major Resistance Levels \u2013 $528 and $535.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/bnb\/bnb-price-back-on-track-535\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB worth is recovering increased from the $500 help zone. The worth is now exhibiting optimistic indicators and may goal for extra upsides above $535. BNB worth began a restoration wave from the $500 help zone. The worth is now buying and selling above $515 and the 100-hourly easy shifting common. There is a key [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":53617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[370,687,1413,1400,110,25],"class_list":{"0":"post-53615","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market","8":"tag-bnb","9":"tag-break","10":"tag-higher","11":"tag-move","12":"tag-price","13":"tag-track"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/53615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=53615"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/53615\/revisions"}],"predecessor-version":[{"id":53616,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/53615\/revisions\/53616"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/53617"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=53615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=53615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=53615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}