Binance Coin (BNB) Above $24 Could Spark A Significant Rally<\/title>\n<meta name=\"description\" content=\"Binance coin price is up 5% and it is outperforming bitcoin. BNB could rally further to a new monthly high if it breaks the $24.00 resistance.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/binance-coin-bnb-significant-rally-above-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Coin (BNB) Above $24 Could Spark A Significant Rally\" \/>\n<meta property=\"og:description\" content=\"Binance coin price is up 5% and it is outperforming bitcoin. 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{"id":437839,"date":"2020-09-09T07:48:18","date_gmt":"2020-09-09T07:48:18","guid":{"rendered":"https:\/\/wncen.com\/?p=437839"},"modified":"2020-09-09T06:35:12","modified_gmt":"2020-09-09T06:35:12","slug":"binance-coin-bnb-significant-rally-above-24","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-coin-bnb-significant-rally-above-24\/","title":{"rendered":"Binance Coin (BNB) Above $24 Could Spark A Significant Rally"},"content":{"rendered":"

Binance coin price is up over 5% and it is outperforming bitcoin against the USDT. BNB could rally further to a new monthly high if it breaks the $24.00 resistance zone.<\/em><\/p>\n

\n
Binance coin price is gaining bullish momentum above the $22.80 resistance against the USDT.<\/li>\n
The price is approaching a key resistance near the $23.75 and $24.00 resistance levels.<\/li>\n
There is a crucial bearish trend line forming with resistance near $23.80 on the 4-hours chart of the BNB\/USDT pair (data source from Binance).<\/li>\n
Bitcoin price is still struggling to recover and it remains at a risk of a sharp decline.<\/li>\n<\/ul>\n
Binance Coin Price Showing Positive Signs<\/h2>\n
In the past few sessions, bitcoin<\/a> and Ethereum<\/a> struggled to recover, while binance coin started a fresh increase. BNB price broke the $22.00 resistance and remained stable above the $21.50 support zone.<\/p>\n
There was a close above the $21.80 level, the 100 simple moving average (4-hours), and the 50% Fib retracement level of the downward move from the $25.57 high to $18.03 low. BNB is now trading above the $23.00 level, with a positive angle.<\/p>\n
At the outset, the price is approaching a key resistance near the $23.75 and $24.00 resistance levels. There is also a crucial bearish trend line forming with resistance near $23.80 on the 4-hours chart of the BNB\/USDT pair.<\/p>\n
$\"Binance$ <\/a><\/p>\n
Binance coin price trades above $23.00. Source: TradingView.com<\/a><\/pre>\n
The trend line is close to the 76.4% Fib retracement level of the downward move from the $25.57 high to $18.03 low. A clear break above the trend line resistance and the $24.00 barrier could start a strong increase in the coming sessions.<\/p>\n
The next major resistance is near the $25.00 level, above which the price is likely to attempt a fresh multi-week high above the $25.60 resistance zone.<\/p>\n
Dips Supported in BNB<\/h2>\n
If BNB fails to clear the $23.75 and $24.00 resistance levels, it could start a downside correction. An initial support is near the $22.65 level and a connecting bullish trend line.<\/p>\n
The first major support is near the $22.50 level and the 100 simple moving average (4-hours), below which the bulls are likely to lose control. In the stated case, the price might slide back towards the $21.00 and $20.80 support levels.<\/p>\n
Technical Indicators<\/p>\n
4-Hours MACD \u2013 The MACD for BNB\/USDT is gaining momentum in the bullish zone.<\/p>\n
4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USDT is currently well above the 50 level.<\/p>\n
Major Support Levels \u2013 $22.60, $22.50 and $21.00.<\/p>\n
Major Resistance Levels \u2013 $23.75, $24.00 and $25.00.<\/p>\n","protected":false},"excerpt":{"rendered":"
Binance coin price is up over 5% and it is outperforming bitcoin against the USDT. BNB could rally further to a new monthly high if it breaks the $24.00 resistance zone. Binance coin price is gaining bullish momentum above the $22.80 resistance against the USDT. The price is approaching a key resistance near the $23.75 and $24.00 resistance levels. There is a crucial bearish trend line forming with resistance near $23.80 on the 4-hours chart of the BNB\/USDT pair (data source from Binance). Bitcoin price is still struggling to recover and it remains at a risk of a sharp decline. Binance Coin Price Showing Positive Signs In the past few sessions, bitcoin and Ethereum struggled to recover, while binance coin started a fresh increase. BNB price broke the $22.00 resistance and remained stable above the $21.50 support zone. There was a close above the $21.80 level, the 100 simple moving average (4-hours), and the 50% Fib retracement level of the downward move from the $25.57 high to $18.03 low. BNB is now trading above the $23.00 level, with a positive angle. At the outset, the price is approaching a key resistance near the $23.75 and $24.00 resistance levels. There is also a crucial bearish trend line forming with resistance near $23.80 on the 4-hours chart of the BNB\/USDT pair. Binance coin price trades above $23.00. Source: TradingView.com The trend line is close to the 76.4% Fib retracement level of the downward move from the $25.57 high to $18.03 low. A clear break above the trend line resistance and the $24.00 barrier could start a strong increase in the coming sessions. The next major resistance is near the $25.00 level, above which the price is likely to attempt a fresh multi-week high above the $25.60 resistance zone. Dips Supported in BNB If BNB fails to clear the $23.75 and $24.00 resistance levels, it could start a downside correction. An initial support is near the $22.65 level and a connecting bullish trend line. The first major support is near the $22.50 level and the 100 simple moving average (4-hours), below which the bulls are likely to lose control. In the stated case, the price might slide back towards the $21.00 and $20.80 support levels. Technical Indicators 4-Hours MACD \u2013 The MACD for BNB\/USDT is gaining momentum in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USDT is currently well above the 50 level. Major Support Levels \u2013 $22.60, $22.50 and $21.00. Major Resistance Levels \u2013 $23.75, $24.00 and $25.00.<\/p>\n","protected":false},"author":67,"featured_media":437842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4],"tags":[13291,79546,79524,79611,1558],"class_list":["post-437839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-analysis","tag-binance-coin","tag-bnbbtc","tag-bnbusd","tag-bnbusdt","tag-cryptocurrency"],"acf":[],"yoast_head":"\nBinance Coin (BNB) Above $24 Could Spark A Significant Rally<\/title>\n<meta name=\"description\" content=\"Binance coin price is up 5% and it is outperforming bitcoin. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Coin (BNB) Above $24 Could Spark A Significant Rally","url":"http:\/\/wncen.com\/news\/binance-coin-bnb-significant-rally-above-24\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/binance-coin-bnb-significant-rally-above-24\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/shutterstock_530809771.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/shutterstock_530809771.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance coin","bnbbtc","bnbusd","bnbusdt","cryptocurrency"],"dateCreated":"2020-09-09T07:48:18Z","datePublished":"2020-09-09T07:48:18Z","dateModified":"2020-09-09T07:48:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Coin (BNB) Above $24 Could Spark A Significant Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin-bnb-significant-rally-above-24\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin-bnb-significant-rally-above-24\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_530809771.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/09\\\/shutterstock_530809771.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance coin\",\"bnbbtc\",\"bnbusd\",\"bnbusdt\",\"cryptocurrency\"],\"dateCreated\":\"2020-09-09T07:48:18Z\",\"datePublished\":\"2020-09-09T07:48:18Z\",\"dateModified\":\"2020-09-09T07:48:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/09\/shutterstock_530809771.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/437839"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=437839"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/437839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/437842"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=437839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=437839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=437839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}