{"id":653230,"date":"2024-11-15T05:08:56","date_gmt":"2024-11-15T05:08:56","guid":{"rendered":"https:\/\/wncen.com\/?p=653230"},"modified":"2024-11-15T03:59:00","modified_gmt":"2024-11-15T03:59:00","slug":"bnb-price-takeoff-650","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/bnb\/bnb-price-takeoff-650\/","title":{"rendered":"BNB Price Poised for Takeoff: Will It Be The Next to Rally?"},"content":{"rendered":"
BNB price struggled to clear the $665 resistance zone. The price is consolidating and might aim for a fresh increase above the $635 level.<\/em><\/p>\n
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BNB price started a downside correction from the $665 resistance zone.<\/li>\n
The price is now trading below $640 and the 100-hourly simple moving average.<\/li>\n
There is a connecting bullish trend line forming with support at $620 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n
The pair must stay above the $600 level to start another increase in the near term.<\/li>\n<\/ul>\n
BNB Price Holds Support<\/h2>\n
After a close above the $620 level, BNB price extended its increase. However, upsides were limited above $660 and the price remained capped, unlike Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n