{"id":17393,"date":"2025-02-20T05:08:02","date_gmt":"2025-02-20T05:08:02","guid":{"rendered":"https:\/\/cryptd.in\/bnb-price-approaches-a-key-level-can-it-clear-the-hurdle\/"},"modified":"2025-02-20T05:08:02","modified_gmt":"2025-02-20T05:08:02","slug":"bnb-price-approaches-a-key-level-can-it-clear-the-hurdle","status":"publish","type":"post","link":"https:\/\/cryptd.in\/nl\/bnb-price-approaches-a-key-level-can-it-clear-the-hurdle\/","title":{"rendered":"BNB Price Approaches a Key Level\u2014Can It Clear the Hurdle?"},"content":{"rendered":"<p><em>BNB price is recovering from the $630 support zone. The price is rising and might aim for a fresh move toward the $680 resistance.<\/em><\/p>\n<ul>\n<li>BNB price is moving higher above the $650 resistance zone.<\/li>\n<li>The price is now trading below $660 and the 100-hourly simple moving average.<\/li>\n<li>There is a connecting bearish trend line forming with resistance at $655 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair must stay above the $650 level to start another increase in the near term.<\/li>\n<\/ul>\n<h2>BNB Price Eyes Fresh Upside<\/h2>\n<p>After forming a base above the $630 level, BNB price started a fresh increase. There was a move above the $635 and $640 resistance levels. It even recovered above the $650 level, beating <a href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-breakout-2725\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> and <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-edges-higher-98k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>There was a decent move above the 50% Fib retracement level of the downward move from the $682 swing high to the $630 low. However, the bears seem to be active near the $655 and $660 levels. There is also a connecting bearish trend line forming with resistance at $655 on the hourly chart of the BNB\/USD pair.<\/p>\n<p>The price is now trading below $660 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $655 level. The next resistance sits near the $660 level or the 61.8% Fib retracement level of the downward move from the $682 swing high to the $630 low at $662.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Binance-Coin-BNB-2.png\"><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-699923\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/02\/Binance-Coin-BNB-2.png?resize=1024%2C478\" alt=\"BNB Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/a><\/p>\n<p>A clear move above the $662 zone could send the price higher. In the stated case, BNB price could test $680. A close above the $680 resistance might set the pace for a larger move toward the $700 resistance. Any more gains might call for a test of the $720 level in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If BNB fails to clear the $662 resistance, it could start another decline. Initial support on the downside is near the $650 level. The next major support is near the $642 level.<\/p>\n<p>The main support sits at $630. If there is a downside break below the $630 support, the price could drop toward the $612 support. Any more losses could initiate a larger decline toward the $600 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $650 and $642.<\/p>\n<p>Major Resistance Levels \u2013 $655 and $662.<\/p>","protected":false},"excerpt":{"rendered":"<p>BNB price is recovering from the $630 support zone. The price is rising and might aim for a fresh move toward the $680 resistance. BNB price is moving higher above the $650 resistance zone. The price is now trading below $660 and the 100-hourly simple moving average. There is a connecting bearish trend line forming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-17393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BNB Price Approaches a Key Level\u2014Can It Clear the Hurdle? - 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\/nl\/bnb-price-approaches-a-key-level-can-it-clear-the-hurdle\/\" \/>\n<meta property=\"og:locale\" content=\"nl_NL\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Price Approaches a Key Level\u2014Can It Clear the Hurdle? - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"BNB price is recovering from the $630 support zone. The price is rising and might aim for a fresh move toward the $680 resistance. BNB price is moving higher above the $650 resistance zone. The price is now trading below $660 and the 100-hourly simple moving average. 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