{"id":652148,"date":"2024-11-08T05:08:47","date_gmt":"2024-11-08T05:08:47","guid":{"rendered":"https:\/\/wncen.com\/?p=652148"},"modified":"2024-11-08T03:51:34","modified_gmt":"2024-11-08T03:51:34","slug":"bnb-price-surge-605","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/bnb-price-surge-605\/","title":{"rendered":"BNB Price Set to Surge: Could It Be the Next Big Mover?"},"content":{"rendered":"
BNB price struggled to stay above the $600 zone. The price is consolidating gains and might aim for a fresh increase above the $605 level.<\/em><\/p>\n
\n
BNB price started a downside correction from the $612 resistance zone.<\/li>\n
The price is now trading above $590 and the 100-hourly simple moving average.<\/li>\n
There is a connecting bullish trend line forming with support at $595 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n
The pair must stay above the $588 level to start another increase in the near term.<\/li>\n<\/ul>\n
BNB Price Holds Support<\/h2>\n
After a close above the $585 level, BNB price extended its increase. However, upsides were limited above $610 and the price remained capped unlike Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n