BNB Price Sets Up for a Comeback: Bulls Eye Higher Levels

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Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,833,679,610,792	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,833,679,610,792

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-365.80	-0.39%	92,719.73	92,716.01	92,719.75

Price Change

Price Change %

Current Price

Bid Price

Offer

-365.80

-0.39%

92,719.73

92,716.01

92,719.75

High Price	Low Price	Open Price	Prev. Close	52 Week Range
95,004.92	92,308.02	92,862.05	93,085.56	36,715.10 - 99,860.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

95,004.92

92,308.02

92,862.05

93,085.56

36,715.10 - 99,860.00

Exchange	Last Trade	Size	Trade Price	Currency
CRTO	10:31:51	0.001130	92,719.79	USD

Exchange

Last Trade

Size

Trade Price

Currency

CRTO

10:31:51

0.001130

92,719.79

USD

Price x Volume	Volume	Base Symbol	Related Pairs
730,231,364.91	7,783.04	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

730,231,364.91

7,783.04

BNB Price Sets Up for a Comeback: Bulls Eye Higher Levels

26/11/2024 5:08am

NEWSBTC

BNB price is consolidating near the $640 zone. The price is holding the $625 support and might aim for a move above the $660 resistance. BNB price started a downside correction from the $685 resistance zone. The price is now trading below $650 and the 100-hourly simple moving average. There is a key declining channel forming with resistance at $660 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $625 level to start another increase in the near term. BNB Price Holds Support After a close above the $640 level, BNB price extended its increase. However, upsides were limited above $685 and the price remained capped, unlike Ethereum and Bitcoin. There was a move below the $666 and $650 levels. However, the price is now holding gains above the $625 level. A low was formed at $626 and the price is now consolidating above the 23.6% Fib retracement level of the downward move from the $676 swing high to the $626 low. The price is now trading below $650 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $650 level. It is close to the 50% Fib retracement level of the downward move from the $676 swing high to the $626 low. The next resistance sits near the $660 level. There is also a key declining channel forming with resistance at $660 on the hourly chart of the BNB/USD pair. A clear move above the $660 zone could send the price higher. In the stated case, BNB price could test $676. A close above the $676 resistance might set the pace for a larger move toward the $685 resistance. Any more gains might call for a test of the $700 level in the near term. More Losses? If BNB fails to clear the $660 resistance, it could start another decline. Initial support on the downside is near the $632 level. The next major support is near the $625 level. The main support sits at $615. If there is a downside break below the $615 support, the price could drop toward the $600 support. Any more losses could initiate a larger decline toward the $588 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $632 and $625. Major Resistance Levels – $650 and $660.

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