{"id":12863,"date":"2024-12-12T05:08:47","date_gmt":"2024-12-12T05:08:47","guid":{"rendered":"https:\/\/cryptd.in\/bnb-bulls-eye-750-momentum-builds-for-a-new-surge\/"},"modified":"2024-12-12T05:08:47","modified_gmt":"2024-12-12T05:08:47","slug":"bnb-bulls-eye-750-momentum-builds-for-a-new-surge","status":"publish","type":"post","link":"https:\/\/cryptd.in\/sl\/bnb-bulls-eye-750-momentum-builds-for-a-new-surge\/","title":{"rendered":"BNB Bulls Eye $750: Momentum Builds for a New Surge"},"content":{"rendered":"<p><em>BNB price is gaining pace above the $700 zone. The price is showing positive signs and might aim for a move above the $735 resistance.<\/em><\/p>\n<ul>\n<li>BNB price started a fresh increase from the $650 support zone.<\/li>\n<li>The price is now trading above $700 and the 100-hourly simple moving average.<\/li>\n<li>There was a break above a key bearish trend line with resistance at $705 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair must stay above the $700 level to start another increase in the near term.<\/li>\n<\/ul>\n<h2>BNB Price Starts Fresh Increase<\/h2>\n<p>After a close above the $675 level, BNB price started a fresh increase, like <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 were able to pump the price above the $680 and $700 resistance levels.<\/p>\n<p>There was a break above a key bearish trend line with resistance at $705 on the hourly chart of the BNB\/USD pair. The pair surpassed the 50% Fib retracement level of the downward move from the $761 swing high to the $650 low.<\/p>\n<p>The price is now trading above $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $720 level. It is close to the 61.8% Fib retracement level of the downward move from the $761 swing high to the $650 low.<\/p>\n<p><a href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Binance-Coin-BNB-1.png\"><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-661188\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2024\/12\/Binance-Coin-BNB-1.png?resize=1024%2C478\" alt=\"BNB Price \" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/a><\/p>\n<p>The next resistance sits near the $735 level. A clear move above the $735 zone could send the price higher. In the stated case, BNB price could test $750. A close above the $750 resistance might set the pace for a larger move toward the $762 resistance. Any more gains might call for a test of the $800 level in the near term.<\/p>\n<h2>Another Dip?<\/h2>\n<p>If BNB fails to clear the $735 resistance, it could start another decline. Initial support on the downside is near the $705 level. The next major support is near the $700 level.<\/p>\n<p>The main support sits at $675. If there is a downside break below the $675 support, the price could drop toward the $662 support. Any more losses could initiate a larger decline toward the $650 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is gaining pace in the bearish 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 $705 and $700.<\/p>\n<p>Major Resistance Levels \u2013 $735 and $750.<\/p>","protected":false},"excerpt":{"rendered":"<p>BNB price is gaining pace above the $700 zone. The price is showing positive signs and might aim for a move above the $735 resistance. BNB price started a fresh increase from the $650 support zone. The price is now trading above $700 and the 100-hourly simple moving average. There was a break above a [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":12865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BNB Bulls Eye $750: Momentum Builds for a New Surge - 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\/sl\/bnb-bulls-eye-750-momentum-builds-for-a-new-surge\/\" \/>\n<meta property=\"og:locale\" content=\"sl_SI\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Bulls Eye $750: Momentum Builds for a New Surge - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"BNB price is gaining pace above the $700 zone. 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