<\/a><\/p>\nThe next resistance sits near the $558 level. A clear move above the $558 zone could send the price higher. In the stated case, BNB price could test $565. A close above the $565 resistance might set the pace for a larger move toward the $580 resistance. Any more gains might call for a test of the $592 level in the near term.<\/p>\n
Are Dips Supported?<\/h2>\n If BNB fails to clear the $550 resistance, it could start another decline. Initial support on the downside is near the $544 level. The next major support is near the $540 level.<\/p>\n
The main support sits at $535. If there is a downside break below the $535 support, the price could drop toward the $520 support. Any more losses could initiate a larger decline toward the $505 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for BNB\/USD is losing 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 $540 and $535.<\/p>\n
Major Resistance Levels \u2013 $550 and $558.<\/p>\n","protected":false},"excerpt":{"rendered":"
BNB price started a fresh increase above the $542 resistance zone. The price is now consolidating gains and might aim for more gains above $550. BNB price started a fresh increase above the $540 resistance zone. The price is now trading below $550 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $550 on the hourly chart of the BNB\/USD pair (data source from Binance). The pair must stay above the $540 pivot level to start another increase in the near term. BNB Price Regains Traction In the past few days, BNB outperformed Ethereum and Bitcoin. It remained stable above $525 and started another increase above the $535 resistance zone. There was a move above the $542 and $545 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $562 swing high to the $527 low. However, the bears are now active near the $550 resistance zone. The price is now trading below $550 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $550 level. There is also a key bearish trend line forming with resistance at $550 on the hourly chart of the BNB\/USD pair. The trend line is close to the 61.8% Fib retracement level of the downward move from the $562 swing high to the $527 low. The next resistance sits near the $558 level. A clear move above the $558 zone could send the price higher. In the stated case, BNB price could test $565. A close above the $565 resistance might set the pace for a larger move toward the $580 resistance. Any more gains might call for a test of the $592 level in the near term. Are Dips Supported? If BNB fails to clear the $550 resistance, it could start another decline. Initial support on the downside is near the $544 level. The next major support is near the $540 level. The main support sits at $535. If there is a downside break below the $535 support, the price could drop toward the $520 support. Any more losses could initiate a larger decline toward the $505 level. Technical Indicators Hourly MACD \u2013 The MACD for BNB\/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level. Major Support Levels \u2013 $540 and $535. Major Resistance Levels \u2013 $550 and $558.<\/p>\n","protected":false},"author":67,"featured_media":642740,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83365],"tags":[13291,86483,79546,79524,79611],"class_list":["post-642738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bnb","tag-binance-coin","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"acf":[],"yoast_head":"\n
BNB Price Set to Outperform: Is a Breakout Coming Soon?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n