{"id":566094,"date":"2023-12-20T05:28:23","date_gmt":"2023-12-20T05:28:23","guid":{"rendered":"https:\/\/wncen.com\/?p=566094"},"modified":"2024-06-11T14:12:37","modified_gmt":"2024-06-11T14:12:37","slug":"bnb-price-clears-250-aims-272","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bnb-price-clears-250-aims-272\/","title":{"rendered":"BNB Price Clears $250 and Could Rally 10% To Retest This Key Resistance"},"content":{"rendered":"<p><em>BNB price gained momentum and climbed above the $250 resistance. It is showing positive signs and might rally toward the $272 resistance zone.<\/em><\/p>\n<ul>\n<li>BNB price is moving higher above the $250 resistance.<\/li>\n<li>The price is now trading above $250 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key bearish trend line with resistance near $252 on the 4-hour chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair might continue to move up if there is a clear move above $258.<\/li>\n<\/ul>\n<h2>BNB Price Regains Traction<\/h2>\n<p>These past few days, BNB price formed a base above the $230 level. The price started a decent increase above the $240 and $242 resistance levels. In the past two sessions, it even outperformed <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-drop-2120\/\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-rejects-43-5k\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>.<\/p>\n<p>BNB broke the 76.4% Fib retracement level of the downward move from the $257.1 swing high to the $231.9 low. There was also a break above a key bearish trend line with resistance near $252 on the 4-hour chart of the BNB\/USD pair.<\/p>\n<p>It is now trading above $250 and the 100 simple moving average (4 hours). The current price action is positive and signaling more upsides above the $258 resistance zone.<\/p>\n<p>The next resistance sits near the $262 level. A clear move above the $262 zone could send the price further higher. In the stated case, BNB price could test $272. It is close to the 1.618 Fib extension level of the downward move from the $257.1 swing high to the $231.9 low.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-566095\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png?resize=1024%2C461\" alt=\"BNB Price\" width=\"1024\" height=\"461\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png?w=1835 1835w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/Binance-Coin-BNB.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">BNBUSD on TradingView.com<\/a><\/p>\n<p>A close above the $272 resistance might set the pace for a larger increase toward the $285 resistance. Any more gains might call for a test of the $300 level.<\/p>\n<h2>Downside Correction?<\/h2>\n<p>If BNB fails to clear the $258 resistance, it could start a downside correction. Initial support on the downside is near the $248 level.<\/p>\n<p>The next major support is near the $242 level. The main support sits at $232. If there is a downside break below the $232 support, the price could drop toward the $222 support. Any more losses could initiate a larger decline toward the $205 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $248, $242, and $232.<\/p>\n<p>Major Resistance Levels \u2013 $258, $272, and $285.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB price gained momentum and climbed above the $250 resistance. It is showing positive signs and might rally toward the $272 resistance zone. BNB price is moving higher above the $250 resistance. The price is now trading above $250 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $252 on the 4-hour chart of the BNB\/USD pair (data source from Binance). The pair might continue to move up if there is a clear move above $258. BNB Price Regains Traction These past few days, BNB price formed a base above the $230 level. The price started a decent increase above the $240 and $242 resistance levels. In the past two sessions, it even outperformed Ethereum and Bitcoin. BNB broke the 76.4% Fib retracement level of the downward move from the $257.1 swing high to the $231.9 low. There was also a break above a key bearish trend line with resistance near $252 on the 4-hour chart of the BNB\/USD pair. It is now trading above $250 and the 100 simple moving average (4 hours). The current price action is positive and signaling more upsides above the $258 resistance zone. The next resistance sits near the $262 level. A clear move above the $262 zone could send the price further higher. In the stated case, BNB price could test $272. It is close to the 1.618 Fib extension level of the downward move from the $257.1 swing high to the $231.9 low. Source: BNBUSD on TradingView.com A close above the $272 resistance might set the pace for a larger increase toward the $285 resistance. Any more gains might call for a test of the $300 level. Downside Correction? If BNB fails to clear the $258 resistance, it could start a downside correction. Initial support on the downside is near the $248 level. The next major support is near the $242 level. The main support sits at $232. If there is a downside break below the $232 support, the price could drop toward the $222 support. Any more losses could initiate a larger decline toward the $205 level. Technical Indicators 4-Hours MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level. Major Support Levels \u2013 $248, $242, and $232. Major Resistance Levels \u2013 $258, $272, and $285.<\/p>\n","protected":false},"author":67,"featured_media":566096,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[13291,86483,79546,79524,79611],"class_list":["post-566094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-coin","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"acf":[],"yoast_head":"\n<title>BNB Price Clears $250 and Could Rally 10% To Retest This Key Resistance<\/title>\n<meta name=\"description\" content=\"BNB price gained momentum and climbed above the $250 resistance. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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":"BNB Price Clears $250 and Could Rally 10% To Retest This Key Resistance","url":"http:\/\/wncen.com\/news\/bnb-price-clears-250-aims-272\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bnb-price-clears-250-aims-272\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/iStock-1370952479.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/12\/iStock-1370952479.jpg?fit=2121%2C1414"},"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","bnb price","bnbbtc","bnbusd","bnbusdt"],"dateCreated":"2023-12-20T05:28:23Z","datePublished":"2023-12-20T05:28:23Z","dateModified":"2024-06-11T14:12:37Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BNB Price Clears $250 and Could Rally 10% To Retest This Key Resistance\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bnb-price-clears-250-aims-272\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bnb-price-clears-250-aims-272\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/iStock-1370952479.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/iStock-1370952479.jpg?fit=2121%2C1414\"},\"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\",\"bnb price\",\"bnbbtc\",\"bnbusd\",\"bnbusdt\"],\"dateCreated\":\"2023-12-20T05:28:23Z\",\"datePublished\":\"2023-12-20T05:28:23Z\",\"dateModified\":\"2024-06-11T14:12:37Z\"}<\/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\/2023\/12\/iStock-1370952479.jpg?fit=2121%2C1414","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/566094"}],"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=566094"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/566094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/566096"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=566094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=566094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=566094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}