2024

Cardano

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<a href="https://bitcoinworld.co.in/bnb-price-reclaims-600-and-bulls-could-now-aim-for-new-2024-high/" title="BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">BNB <a href="https://coinstats.app/coins/binance-coin/">price</a> is attempting a fresh increase from the $550 zone, the price cleared the $600 resistance and might extend its increase above $630.</li> 
 <li style="font-weight: 400">BNB price started a fresh increase after it cleared the $550 resistance zone.</li> 
 <li style="font-weight: 400">The price is now trading above $580 and the 100 simple moving average (4 hours).</li> 
 <li style="font-weight: 400">There is a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair (data source from Binance).</li> 
 <li style="font-weight: 400">The pair could gain bullish momentum if it clears the $608-$610 resistance zone.</li> 
</ul> 
<h3 id="span-style-font-weight-400-bnb-price-gains-strength-span">BNB Price Gains Strength</h3> 
After forming a base above the $520 level, BNB price started a fresh increase. There was a steady increase above the $550 and $565 resistance levels, like Ethereum and Bitcoin. 
<figure id="attachment_71158" aria-describedby="caption-attachment-71158" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-71158" src="https://bitcoinworld.co.in/wp-content/uploads/BNB-Price-Chart-8-483x300.png" alt="" width="538" height="334" srcset="https://bitcoinworld.co.in/wp-content/uploads/BNB-Price-Chart-8-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/BNB-Price-Chart-8.png 760w" sizes="(max-width: 538px) 100vw, 538px">
 <figcaption id="caption-attachment-71158" class="wp-caption-text">
 BNB Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
The bulls pushed the price above the $580 pivot level and the 61.8% Fib retracement level of the downward wave from the $630 swing high to the $512 low.&nbsp; 
More importantly, the price is now trading above $580 and the 100 simple moving average (4 hours). 
It is consolidating just above the 76.4% Fib retracement level of the downward wave from the $630 swing high to the $512 low.&nbsp; 
There is also a key bullish trend line forming with support at $592 on the 4-hour chart of the BNB/USD pair. 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/cardano-ada-price-analysis-bulls-aim-steady-increase/" aria-label="“Cardano (ADA) Price Analysis: Bulls Aim Steady Increase” (Edit)">Cardano (ADA) Price Analysis: Bulls Aim Steady Increase</a> 
Immediate resistance is near the $608 level. The next resistance sits near the $630 level. A clear move above the $630 zone could send the price further higher. In the stated case, BNB price could test $650.&nbsp; 
A close above the $650 resistance might set the pace for a larger increase toward the $680 resistance. Any more gains might call for a test of the $720 level in the coming days. 
<h3 id="span-style-font-weight-400-are-dips-supported-span">Are Dips Supported?</h3> 
If BNB fails to clear the $608 resistance, it could start a downside correction. Initial support on the downside is near the $592 level and the trend line. 
The next major support is near the $585 level. The main support sits at $570. If there is a downside break below the $570 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $532 level. 
<h3 id="span-style-font-weight-400-technical-indicators-span">Technical Indicators</h3> 
<ul> 
 <li style="font-weight: 400">4-Hours MACD – The MACD for BNB/USD is gaining pace in the bullish zone.</li> 
 <li style="font-weight: 400">4-Hours RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level.</li> 
 <li style="font-weight: 400">Major Support Levels – $592, $585, and $570.</li> 
 <li style="font-weight: 400">Major Resistance Levels – $608, $630, and $650.</li> 
</ul> 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
#Binance #WRITE2EARN 
The post <a href="https://bitcoinworld.co.in/bnb-price-reclaims-600-and-bulls-could-now-aim-for-new-2024-high/">BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

BNB Price Reclaims $600 and Bulls Could Now Aim For New 2024 High

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