BNB Price Poised for Gains: Bulls Push for New Highs

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	2,015,724,898,936	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

2,015,724,898,936

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	792.57	0.78%	102,125.83	102,125.29	102,125.30

Price Change

Price Change %

Current Price

Bid Price

Offer

792.57

0.78%

102,125.83

102,125.29

102,125.30

High Price	Low Price	Open Price	Prev. Close	52 Week Range
102,968.78	101,275.60	101,318.32	101,333.26	41,787.35 - 109,356.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

102,968.78

101,275.60

101,318.32

101,333.26

41,787.35 - 109,356.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	14:25:50	0.000017	102,125.30	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

14:25:50

0.000017

102,125.30

USD

Price x Volume	Volume	Base Symbol	Related Pairs
370,053,664.44	3,621.64	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

370,053,664.44

3,621.64

BNB Price Poised for Gains: Bulls Push for New Highs

17/01/2025 5:08am

NEWSBTC

BNB price is consolidating above the $700 support zone. The price is consolidating and might aim for a fresh increase above the $720 resistance. BNB price is struggling to clear the $720 resistance zone. The price is now trading above $700 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $708 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 Aims Higher After a downside correction, BNB price found support at $690. It is now recovering losses like Ethereum and Bitcoin. There was a move above the $700 level. The bulls were able to push the price above the $712 resistance. However, the bears are active near the $720 zone. A high was formed at $717 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $689 swing low to the $717 high. The price is now trading above $700 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $708 on the hourly chart of the BNB/USD pair. If there is a fresh increase, the price could face resistance near the $718 level. The next resistance sits near the $720 level. A clear move above the $720 zone could send the price higher. In the stated case, BNB price could test $732. A close above the $732 resistance might set the pace for a larger move toward the $740 resistance. Any more gains might call for a test of the $750 level in the near term. Another Dip? If BNB fails to clear the $720 resistance, it could start another decline. Initial support on the downside is near the $708 level and the trend line. The next major support is near the $703 level. The main support sits at $700 or the 61.8% Fib retracement level of the upward move from the $689 swing low to the $717 high. If there is a downside break below the $700 support, the price could drop toward the $692 support. Any more losses could initiate a larger decline toward the $685 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 above the 50 level. Major Support Levels – $708 and $700. Major Resistance Levels – $720 and $732.

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