The Cryptonomics™
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Reading: BNB Worth Faces Challenges: Will It Maintain $550 and Bounce Again?
Share
Please enter CoinGecko Free Api Key to get this plugin works.
The Cryptonomics™The Cryptonomics™
Font ResizerAa
Search
  • Home
  • Blockchain
  • Bitcoin
  • Ethereum
  • NFTS
  • Altcoin
  • Mining
  • Consulting
Follow US
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Copyright © MetaMedia™ Capital Inc, All right reserved
The Cryptonomics™ > Consulting > BNB Worth Faces Challenges: Will It Maintain $550 and Bounce Again?
Consulting

BNB Worth Faces Challenges: Will It Maintain $550 and Bounce Again?

admin
Last updated: August 27, 2024 2:50 pm
admin Published August 27, 2024
Share
BNB Worth Faces Challenges: Will It Maintain 0 and Bounce Again?


Contents
BNB Worth Eyes RestorationExtra Downsides?

BNB worth is struggling to remain above the $550 help zone. The worth might begin a recent enhance if it clears the $560 resistance zone.

  • BNB worth began a recent decline from the $592 resistance zone.
  • The worth is now buying and selling beneath $565 and the 100-hourly easy transferring common.
  • There’s a connecting bearish development line forming with resistance at $560 on the hourly chart of the BNB/USD pair (information supply from Binance).
  • The pair might achieve bullish momentum if it clears the $560-$562 resistance zone.

BNB Worth Eyes Restoration

After struggling to check the $600 resistance, BNB worth began a recent decline like Ethereum and Bitcoin. The worth declined beneath the $585 and $572 help ranges. There was additionally a transfer beneath $560.

Lastly, the value discovered help at $548. A low was fashioned at $547 and the value is now consolidating losses. There’s additionally a connecting bearish development line forming with resistance at $560 on the hourly chart of the BNB/USD pair.

The pair is now buying and selling beneath $565 and the 100-hourly easy transferring common. If there’s a restoration wave, the value might face resistance close to the $558 stage and the development line. It’s near the 23.6% Fib retracement stage of the downward transfer from the $592 swing excessive to the $547 low.

The following resistance sits close to the $562 stage. A transparent transfer above the $562 zone might ship the value larger. Within the acknowledged case, BNB worth might check $570 or the 50% Fib retracement stage of the downward transfer from the $592 swing excessive to the $547 low.

A detailed above the $570 resistance may set the tempo for a bigger enhance towards the $585 resistance. Any extra good points may name for a check of the $592 stage within the close to time period.

Extra Downsides?

If BNB fails to clear the $560 resistance, it might begin one other decline. Preliminary help on the draw back is close to the $550 stage. The following main help is close to the $548 stage.

The primary help sits at $542. If there’s a draw back break beneath the $542 help, the value might drop towards the $530 help. Any extra losses might provoke a bigger decline towards the $515 stage.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is shedding tempo within the bearish zone.

Hourly RSI (Relative Power Index) – The RSI for BNB/USD is presently beneath the 50 stage.

Main Help Ranges – $550 and $548.

Main Resistance Ranges – $560 and $570.

You Might Also Like

XRP Value Strikes Up — Hurdles Forward May Restrict Positive factors

Pundit Predicts XRP Value Will Surge 35,000% When These Two Issues Occur

Bitcoin Value Coiling Up — Is a Surge Previous $110K on Deck?

Ethereum Worth Gathers Power — Bulls Put together for Upside Extension

Analyst Says This ‘Basic Affirmation’ Should Occur First

Share This Article
Facebook Twitter Email Copy Link Print
Previous Article Gavin Wooden’s greatest hope: Free crypto transactions and Web3 tech worldwide Gavin Wooden’s greatest hope: Free crypto transactions and Web3 tech worldwide
Next Article Crypto Pundit Predicts Ethereum Worth Rise To ,000, However A Crash May Occur First Crypto Pundit Predicts Ethereum Worth Rise To $3,000, However A Crash May Occur First
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Bitcoin and Solana Will Hit Parabolic Ranges if Their Cup-and-Deal with Patterns Full
Bitcoin and Solana Will Hit Parabolic Ranges if Their Cup-and-Deal with Patterns Full
The journey to a mature asset administration system
The journey to a mature asset administration system
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE
High 3 Meme Coin Gems Price Shopping for Earlier than Could 2024 – PEPE, WIF, and DOGEVERSE

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Instagram Linkedin Pinterest Tiktok Twitter Youtube
The Cryptonomics™

Cryptonomics Magazine is your premier digital source for blockchain insights, offering cutting-edge research, news, interviews, and ICO updates for everyone from entrepreneurs to institutions. We drive blockchain knowledge and growth.

Subscribe to our newsletter

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Bitcoin and Solana Will Hit Parabolic Ranges if Their Cup-and-Deal with Patterns Full
July 6, 2025
Betolar and Anglo American to collaborate on ‘inexperienced cement’ choices for Sakatti
July 6, 2025
NFT Gross sales Hit +$128M This Week, As NFT Consumers Improve +50%
July 6, 2025
Bitcoin and Solana Will Hit Parabolic Ranges if Their Cup-and-Deal with Patterns Full
July 6, 2025
DOGE Rally To $0.25 Doable As Memecoins Outperform
July 6, 2025
Copyright © The Cryptonomics™ , All right reserved
  • About Us
  • Advertising Solutions
  • Privacy
  • Terms
  • Advertise
Join Us!

Subscribe & Stay Ahead of the Curve with Cryptonomics !

Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?