{"id":6009,"date":"2024-12-12T06:38:23","date_gmt":"2024-12-12T05:38:23","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=6009"},"modified":"2024-12-12T06:38:23","modified_gmt":"2024-12-12T05:38:23","slug":"bnb-targets-750-surge-momentum-gains-traction","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2024\/12\/12\/bnb-targets-750-surge-momentum-gains-traction\/","title":{"rendered":"BNB Targets $750: Surge Momentum Gains Traction"},"content":{"rendered":"<p><\/p>\n<p><em>BNB value is accelerating above the $700 range. The value is demonstrating positive indicators and may target a move beyond the $735 barrier.<\/em><\/p>\n<ul>\n<li>BNB value initiated a new surge from the $650 support range.<\/li>\n<li>The value is currently trading above $700 and the 100-hour simple moving average.<\/li>\n<li>A breakthrough occurred above a crucial bearish trend line with resistance at $705 on the hourly chart of the BNB\/USD pair (data sourced from Binance).<\/li>\n<li>The pair needs to maintain its position above the $700 mark to commence another rise in the short term.<\/li>\n<\/ul>\n<h2>BNB Value Initiates New Surge<\/h2>\n<p>Following a close above the $675 mark, BNB value began a new increase, similar to <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-breakout-3800\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-reclaims-100k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>. The bulls managed to drive the value beyond the $680 and $700 resistance points.<\/p>\n<p>A breakthrough was made above a significant bearish trend line with resistance at $705 on the hourly chart of the BNB\/USD pair. The pair exceeded the 50% Fib retracement level of the decline from the $761 swing peak to the $650 trough.<\/p>\n<p>The value is now trading above $700 and the 100-hour simple moving average. Should there be a new increase, the value might encounter resistance close to the $720 mark. This is in proximity to the 61.8% Fib retracement level of the downturn from the $761 swing peak to the $650 trough.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Binance-Coin-BNB-1.png\"><\/a><\/p>\n<p>The next barrier lies near the $735 mark. A decisive move above the $735 region could push the value higher. In such a scenario, BNB value could test $750. A close above the $750 resistance could pave the way for a more significant move toward the $762 barrier. Further gains might prompt a test of the $800 threshold in the near future.<\/p>\n<h2>Another Drop?<\/h2>\n<p>If BNB cannot overcome the $735 resistance, it may initiate another decline. Initial support on the downside is around the $705 level. The following major support is near the $700 mark.<\/p>\n<p>The primary support is located at $675. If there is a breakdown below the $675 support, the value could fall toward the $662 support. Additional losses may trigger a broader decline toward the $650 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is gaining momentum in the bearish territory.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD currently stands above the 50 mark.<\/p>\n<p>Key Support Levels \u2013 $705 and $700.<\/p>\n<p>Key Resistance Levels \u2013 $735 and $750.<\/p>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/bnb\/bnb-bulls-eye-750\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB value is accelerating above the $700 range. The value is demonstrating positive indicators and may target a move beyond the $735 barrier. BNB value initiated a new surge from the $650 support range. The value is currently trading above $700 and the 100-hour simple moving average. A breakthrough occurred above a crucial bearish trend<\/p>\n","protected":false},"author":3,"featured_media":6010,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[396],"class_list":["post-6009","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-bnb-bulls-eye-750-momentum-builds-for-a-new-surge-gpt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BNB Targets $750: Surge Momentum Gains Traction - 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\/12\/bnb-targets-750-surge-momentum-gains-traction\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Targets $750: Surge Momentum Gains Traction - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"BNB value is accelerating above the $700 range. 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