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{"id":608861,"date":"2024-05-20T03:18:52","date_gmt":"2024-05-20T03:18:52","guid":{"rendered":"https:\/\/wncen.com\/?p=608861"},"modified":"2024-06-11T13:05:16","modified_gmt":"2024-06-11T13:05:16","slug":"bnb-coin-price-support-572","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bnb-coin-price-support-572\/","title":{"rendered":"BNB Coin Price Hits Critical Support Level: Is a Rebound on the Horizon?"},"content":{"rendered":"

BNB price started a downside correction from the $585 zone. The price must stay above $570 to start a fresh increase in the near term.<\/em><\/p>\n

\n
BNB price started a fresh decline after it failed to clear the $585 resistance zone.<\/li>\n
The price is now trading below $580 and the 100 simple moving average (4 hours).<\/li>\n
There is a key bullish trend line forming with support near $570 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n
The pair could start a fresh increase if it stays above the $570 support.<\/li>\n<\/ul>\n
BNB Price Holds Support<\/h2>\n
After a decent increase, BNB price struggled near the $585 resistance. As a result, there was a bearish reaction below the $580 support, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n
The price dipped below the $575 support and the 100 simple moving average (4 hours). It traded as low as $571 and is currently consolidating losses. There is also a key bullish trend line forming with support near $570 on the hourly chart of the BNB\/USD pair.<\/p>\n
There was a minor upward move above the $575 level. The price cleared the 23.6% Fib retracement level of the downward move from the $586 swing high to the $571 low. It is now trading below $580 and the 100 simple moving average (4 hours).<\/p>\n
Immediate resistance is near the $578 level or the 50% Fib retracement level of the downward move from the $586 swing high to the $571 low. The next resistance sits near the $582 level.<\/p>\n
$\"BNB$ <\/a>
Source: BNBUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
A clear move above the $582 zone could send the price higher. In the stated case, BNB price could test $588. A close above the $588 resistance might set the pace for a larger increase toward the $600 resistance. Any more gains might call for a test of the $612 level in the coming days.<\/p>\n
More Losses?<\/h2>\n
If BNB fails to clear the $582 resistance, it could continue to move down. Initial support on the downside is near the $572 level and the trend line.<\/p>\n
The next major support is near the $562 level. The main support sits at $550. If there is a downside break below the $550 support, the price could drop toward the $532 support. Any more losses could initiate a larger decline toward the $525 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for BNB\/USD is losing pace in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently below the 50 level.<\/p>\n
Major Support Levels \u2013 $572, $562, and $550.<\/p>\n
Major Resistance Levels \u2013 $582, $588, and $600.<\/p>\n","protected":false},"excerpt":{"rendered":"
BNB price started a downside correction from the $585 zone. The price must stay above $570 to start a fresh increase in the near term. BNB price started a fresh decline after it failed to clear the $585 resistance zone. The price is now trading below $580 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $570 on the hourly chart of the BNB\/USD pair (data source from Binance). The pair could start a fresh increase if it stays above the $570 support. BNB Price Holds Support After a decent increase, BNB price struggled near the $585 resistance. As a result, there was a bearish reaction below the $580 support, like Ethereum and Bitcoin. The price dipped below the $575 support and the 100 simple moving average (4 hours). It traded as low as $571 and is currently consolidating losses. There is also a key bullish trend line forming with support near $570 on the hourly chart of the BNB\/USD pair. There was a minor upward move above the $575 level. The price cleared the 23.6% Fib retracement level of the downward move from the $586 swing high to the $571 low. It is now trading below $580 and the 100 simple moving average (4 hours). Immediate resistance is near the $578 level or the 50% Fib retracement level of the downward move from the $586 swing high to the $571 low. The next resistance sits near the $582 level. A clear move above the $582 zone could send the price higher. In the stated case, BNB price could test $588. A close above the $588 resistance might set the pace for a larger increase toward the $600 resistance. Any more gains might call for a test of the $612 level in the coming days. More Losses? If BNB fails to clear the $582 resistance, it could continue to move down. Initial support on the downside is near the $572 level and the trend line. The next major support is near the $562 level. The main support sits at $550. If there is a downside break below the $550 support, the price could drop toward the $532 support. Any more losses could initiate a larger decline toward the $525 level. Technical Indicators Hourly MACD \u2013 The MACD for BNB\/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently below the 50 level. Major Support Levels \u2013 $572, $562, and $550. Major Resistance Levels \u2013 $582, $588, and $600.<\/p>\n","protected":false},"author":67,"featured_media":549218,"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-608861","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":"\nBNB Coin Price Hits Critical Support Level: Is a Rebound on the Horizon?<\/title>\n<meta name=\"description\" content=\"BNB price started a downside correction from the $585 zone. 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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":"BNB Coin Price Hits Critical Support Level: Is a Rebound on the Horizon?","url":"http:\/\/wncen.com\/news\/bnb-coin-price-support-572\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bnb-coin-price-support-572\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/iStock-926051128.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/iStock-926051128.jpg?fit=1241%2C844"},"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":"2024-05-20T03:18:52Z","datePublished":"2024-05-20T03:18:52Z","dateModified":"2024-06-11T13:05:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"BNB Coin Price Hits Critical Support Level: Is a Rebound on the Horizon?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bnb-coin-price-support-572\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bnb-coin-price-support-572\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-926051128.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/iStock-926051128.jpg?fit=1241%2C844\"},\"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\":\"2024-05-20T03:18:52Z\",\"datePublished\":\"2024-05-20T03:18:52Z\",\"dateModified\":\"2024-06-11T13:05:16Z\"}<\/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\/08\/iStock-926051128.jpg?fit=1241%2C844","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/608861","targetHints":{"allow":["GET"]}}],"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=608861"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/608861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/549218"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=608861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=608861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=608861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}