{"id":4553,"date":"2024-08-14T05:08:27","date_gmt":"2024-08-14T05:08:27","guid":{"rendered":"https:\/\/cryptd.in\/bnb-price-back-on-track-can-it-break-535-to-move-higher\/"},"modified":"2024-08-14T05:08:27","modified_gmt":"2024-08-14T05:08:27","slug":"bnb-price-back-on-track-can-it-break-535-to-move-higher","status":"publish","type":"post","link":"https:\/\/cryptd.in\/cs\/bnb-price-back-on-track-can-it-break-535-to-move-higher\/","title":{"rendered":"BNB Price Back on Track: Can It Break $535 to Move Higher?"},"content":{"rendered":"

BNB price is recovering higher from the <\/em>$500 support zone. The price is now showing positive signs and might aim for more upsides above $535.<\/em><\/p>\n

BNB price started a recovery wave from the $500 support zone.
\nThe price is now trading above $515 and the 100-hourly simple moving average.
\nThere is a key rising channel forming with resistance at $528 on the hourly chart of the BNB\/USD pair (data source from Binance).
\nThe pair could gain bullish momentum if it clears the $535-$538 resistance zone.<\/p>\n

BNB Price Eyes More Upsides<\/h2>\n

After forming a base above the $500 level, BNB price started a decent upward move like Ethereum<\/a> a Bitcoin<\/a>. The price cleared the $510 and $515 resistance levels to move into a short-term bullish zone.<\/p>\n

The price surpassed the 50% Fib retracement level of the downward move from the $5376 swing high to the $499 low. It even cleared the $520 resistance. The price is now trading above $515 and the 100-hourly simple moving average.<\/p>\n

It is now consolidating near the 61% Fib retracement level of the downward move from the $5376 swing high to the $499 low. On the upside, the price could face resistance near the $528 level. There is also a key rising channel forming with resistance at $528 on the hourly chart of the BNB\/USD pair.<\/p>\n

<\/a><\/p>\n

The next resistance sits near the $535 level. A clear move above the $535 zone could send the price higher. In the stated case, BNB price could test $550. A close above the $550 resistance might set the pace for a larger increase toward the $565 resistance. Any more gains might call for a test of the $580 level in the near term.<\/p>\n

Another Decline?<\/h2>\n

If BNB fails to clear the $535 resistance, it could start another decline. Initial support on the downside is near the $520 level. The next major support is near the $518 level.<\/p>\n

The main support sits at $508. If there is a downside break below the $508 support, the price could drop toward the $500 support. Any more losses could initiate a larger decline toward the $480 level.<\/p>\n

Technick\u00e9 ukazatele<\/p>\n

Hourly MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n

Major Support Levels \u2013 $518 and $508.<\/p>\n

Major Resistance Levels \u2013 $528 and $535.<\/p>","protected":false},"excerpt":{"rendered":"

BNB price is recovering higher from the $500 support zone. The price is now showing positive signs and might aim for more upsides above $535. BNB price started a recovery wave from the $500 support zone. The price is now trading above $515 and the 100-hourly simple moving average. There is a key rising channel […]<\/p>\n","protected":false},"author":0,"featured_media":4554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nBNB Price Back on Track: Can It Break $535 to Move Higher? - cryptd.in<\/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:\/\/cryptd.in\/cs\/bnb-price-back-on-track-can-it-break-535-to-move-higher\/\" \/>\n<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Price Back on Track: Can It Break $535 to Move Higher? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"BNB price is recovering higher from the $500 support zone. The price is now showing positive signs and might aim for more upsides above $535. BNB price started a recovery wave from the $500 support zone. The price is now trading above $515 and the 100-hourly simple moving average. 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