BNB Bulls Eye $750: Momentum Builds for a New Surge

Name	Symbol	Market	Market Cap ($)	Algorithm
Binance Coin	BNBUSD	Crypto	113,656,108,275	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Binance Coin

BNBUSD

Crypto

113,656,108,275

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	7.61	1.07%	719.71	719.81	719.98

Price Change

Price Change %

Current Price

Bid Price

Offer

7.61

1.07%

719.71

719.81

719.98

High Price	Low Price	Open Price	Prev. Close	52 Week Range
723.35	709.79	712.10	712.10	232.31 - 832.84

High Price

Low Price

Open Price

Prev. Close

52 Week Range

723.35

709.79

712.10

232.31 - 832.84

Exchange	Last Trade	Size	Trade Price	Currency
BINA	07:31:59	0.023000	719.14	USD

Exchange

Last Trade

Size

Trade Price

Currency

BINA

07:31:59

0.023000

719.14

USD

Price x Volume	Volume	Base Symbol	Related Pairs
11,803,901.18	16,491.90	BNB	BNBEUR	BNBGBP	BNBBTC

Price x Volume

Volume

Base Symbol

Related Pairs

11,803,901.18

16,491.90

BNB Bulls Eye $750: Momentum Builds for a New Surge

12/12/2024 5:08am

NEWSBTC

BNB price is gaining pace above the $700 zone. The price is showing positive signs and might aim for a move above the $735 resistance. BNB price started a fresh increase from the $650 support zone. The price is now trading above $700 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $705 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 Starts Fresh Increase After a close above the $675 level, BNB price started a fresh increase, like Ethereum and Bitcoin. The bulls were able to pump the price above the $680 and $700 resistance levels. There was a break above a key bearish trend line with resistance at $705 on the hourly chart of the BNB/USD pair. The pair surpassed the 50% Fib retracement level of the downward move from the $761 swing high to the $650 low. The price is now trading above $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $720 level. It is close to the 61.8% Fib retracement level of the downward move from the $761 swing high to the $650 low. The next resistance sits near the $735 level. A clear move above the $735 zone could send the price higher. In the stated case, BNB price could test $750. A close above the $750 resistance might set the pace for a larger move toward the $762 resistance. Any more gains might call for a test of the $800 level in the near term. Another Dip? If BNB fails to clear the $735 resistance, it could start another decline. Initial support on the downside is near the $705 level. The next major support is near the $700 level. The main support sits at $675. If there is a downside break below the $675 support, the price could drop toward the $662 support. Any more losses could initiate a larger decline toward the $650 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $705 and $700. Major Resistance Levels – $735 and $750.

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BNBUSD Binance Coin