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BNBUSD Binance Coin

561.42
-15.66 (-2.71%)
20:19:15 - Realtime Data
Name Symbol Market Market Cap ($) Algorithm
Binance Coin BNBUSD Crypto 88,784,768,318 Not Mineable
  Price Change Price Change % Current Price Bid Price Offer
  -15.66 -2.71% 561.42 561.30 561.42
High Price Low Price Open Price Prev. Close 52 Week Range
581.27 553.63 576.99 577.08 210.00 - 720.47
Exchange Last Trade Size Trade Price Currency
BINA 20:19:34 0.122000 561.48 USD
Price x Volume Volume Base Symbol Related Pairs
38,645,213.53 69,917.95 BNB BNBEUR BNBGBP BNBBTC

BNB Price Regains Strength As The Bulls Aim For $650

11/04/2024 5:58am

NEWSBTC


BNB price is attempting a fresh increase from the $575 zone. The price is up over 5% and the bulls seem to be aiming for a move above $620. BNB price started a fresh increase after it found support near the $575 zone. The price is now trading above $600 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $587 on the 4-hour chart of the BNB/USD pair (data source from Binance). The pair could gain bullish momentum if it clears the $620 resistance zone. BNB Price Could Surge 15% After a downside correction below $600, BNB price found support near the $575 zone. A low was formed at $572.8 and the price started a fresh increase, unlike Ethereum and Bitcoin. There was a move above the $595 and $600 resistance levels. The bulls pushed the price above the $605 pivot level. It is up over 5% and showing many positive signs above the 23.6% Fib retracement level of the recent increase from the $572.8 swing low to the $618.0 high. The price is now trading above $600 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $587 on the 4-hour chart of the BNB/USD pair. Source: BNBUSD on TradingView.com Immediate resistance is near the $618 level. The next resistance sits near the $620 level. A clear move above the $620 zone could send the price further higher. In the stated case, BNB price could test $632. A close above the $632 resistance might set the pace for a larger increase toward the $650 resistance. Any more gains might call for a test of the $700 level in the coming days. Another Decline? If BNB fails to clear the $620 resistance, it could start a downside correction. Initial support on the downside is near the $600 level. The next major support is near the $590 level and the trend line or the 61.8% Fib retracement level of the recent increase from the $572.8 swing low to the $618.0 high. The main support sits at $575. If there is a downside break below the $575 support, the price could drop toward the $562 support. Any more losses could initiate a larger decline toward the $550 level. Technical Indicators 4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $600, $585, and $575. Major Resistance Levels – $620, $632, and $650.

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1 Year Binance Coin Chart

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