{"id":5760,"date":"2024-12-06T06:13:20","date_gmt":"2024-12-06T05:13:20","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=5760"},"modified":"2024-12-06T06:13:20","modified_gmt":"2024-12-06T05:13:20","slug":"bnb-on-the-brink-of-a-breakthrough-are-we-ready-for-a-new-surge","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/06\/bnb-on-the-brink-of-a-breakthrough-are-we-ready-for-a-new-surge\/","title":{"rendered":"BNB on the Brink of a Breakthrough: Are We Ready for a New Surge?"},"content":{"rendered":"<p><\/p>\n<p><em>BNB value is stabilizing around the $725 area. The value is displaying encouraging indications and could attempt a surge past the $740 resistance.<\/em><\/p>\n<ul>\n<li>BNB value initiated a downward adjustment from the $800 resistance area.<\/li>\n<li>The value is currently trading above $700 and the 100-hourly simple moving average.<\/li>\n<li>A significant bearish trend line is developing with resistance at $725 on the hourly chart of the BNB\/USD pair (data sourced from Binance).<\/li>\n<li>The pair needs to remain above the $715 mark to commence another increase shortly.<\/li>\n<\/ul>\n<h2>BNB Value Maintains Support<\/h2>\n<p>Following a close above the $700 threshold, BNB value broadened its rise, similar to <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-gears-up-4000\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-roars-back-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. The bulls succeeded in pushing the value above the $720 and $750 resistance thresholds.<\/p>\n<p>Ultimately, the value tested the $800 area. A peak was established at $794 before a downward adjustment occurred. There was a drop below the $750 and $740 levels. Nevertheless, the value is now maintaining its gains above the $700 threshold. A low was recorded at $688, and the value is now consolidating above the 23.6% Fib retracement level of the downward movement from the $795 swing high to the $688 low.<\/p>\n<p>The value is currently trading above $700 and the 100-hourly simple moving average. Should there be a renewed rise, the value might encounter resistance close to the $725 level. Additionally, there is a crucial bearish trend line forming with resistance at $725 on the hourly chart of the BNB\/USD pair.<\/p>\n<p>The next resistance is situated around the $740 mark. It is close to the 50% Fib retracement level of the downward shift from the $795 swing high to the $688 low. A definitive move above the $740 area could propel the value higher.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Binance-Coin-BNB.png\"><\/a><\/p>\n<p>In this scenario, BNB value could test $750. A close above the $750 resistance might pave the way for a more significant move towards the $785 resistance. Any further gains may prompt a test of the $800 level in the short term.<\/p>\n<h2>Another Drop?<\/h2>\n<p>If BNB cannot surpass the $725 resistance, it might initiate another descent. Initial support on the downside is around the $715 mark. The next significant support is near the $700 area.<\/p>\n<p>The primary support is located at $685. If there is a downside breach below the $685 support, the value could fall towards the $665 support. Additional losses could trigger a broader decline towards the $650 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is losing momentum in the bearish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is presently above the 50 mark.<\/p>\n<p>Key Support Levels \u2013 $715 and $700.<\/p>\n<p>Key Resistance Levels \u2013 $740 and $750.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/bnb\/bnb-price-leap-750\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB value is stabilizing around the $725 area. The value is displaying encouraging indications and could attempt a surge past the $740 resistance. BNB value initiated a downward adjustment from the $800 resistance area. The value is currently trading above $700 and the 100-hourly simple moving average. A significant bearish trend line is developing with<\/p>\n","protected":false},"author":3,"featured_media":5761,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[311],"class_list":{"0":"post-5760","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bnb-price-eyes-another-leap-is-a-fresh-surge-incoming-gpt"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB on the Brink of a Breakthrough: Are We Ready for a New Surge? - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/06\/bnb-on-the-brink-of-a-breakthrough-are-we-ready-for-a-new-surge\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB on the Brink of a Breakthrough: Are We Ready for a New Surge? - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"BNB value is stabilizing around the $725 area. 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