BNBUSD on TradingView.com<\/a><\/figcaption><\/figure>\nA close above the $535 resistance might set the pace for a larger increase toward the $540 resistance. Any more gains might call for a test of the $550 level in the near term.<\/p>\n
More Downsides?<\/h2>\n If BNB fails to clear the $522 resistance, it could start another decline. Initial support on the downside is near the $500 level. The next major support is near the $496 level.<\/p>\n
The main support sits at $488. If there is a downside break below the $488 support, the price could drop toward the $465 support. Any more losses could initiate a larger decline toward the $450 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for BNB\/USD is gaining 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 $500 and $496.<\/p>\n
Major Resistance Levels \u2013 $518 and $522.<\/p>\n","protected":false},"excerpt":{"rendered":"
BNB price is struggling to stay above the $500 support zone. The price could gain bearish momentum if there is a close below the $500 support. BNB price started a fresh decline from the $540 resistance zone. The price is now trading below $520 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $500 on the hourly chart of the BNB\/USD pair (data source from Binance). The pair could gain bearish momentum if it settles below the $500 support zone. BNB Price Dips Again After struggling to test the $540 resistance, BNB price started a fresh decline like Ethereum and Bitcoin. The price declined below the $532 and $520 support levels. There was also a move below $510. Finally, the price found support at $495. A low was formed at $496 and the price is now consolidating losses. There is also a short-term rising channel forming with support at $500 on the hourly chart of the BNB\/USD pair. The pair is now trading below $525 and the 100-hourly simple moving average. If there is a recovery wave, the price could face resistance near the $518 level. It is close to the 50% Fib retracement level of the downward move from the $538 swing high to the $496 low. The next resistance sits near the $522 level or the 61.8% Fib retracement level of the downward move from the $538 swing high to the $496 low. A clear move above the $522 zone could send the price higher. In the stated case, BNB price could test $535. A close above the $535 resistance might set the pace for a larger increase toward the $540 resistance. Any more gains might call for a test of the $550 level in the near term. More Downsides? If BNB fails to clear the $522 resistance, it could start another decline. Initial support on the downside is near the $500 level. The next major support is near the $496 level. The main support sits at $488. If there is a downside break below the $488 support, the price could drop toward the $465 support. Any more losses could initiate a larger decline toward the $450 level. Technical Indicators Hourly MACD \u2013 The MACD for BNB\/USD is gaining 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 $500 and $496. Major Resistance Levels \u2013 $518 and $522.<\/p>\n","protected":false},"author":67,"featured_media":513000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83365],"tags":[13291,86483,79546,79524,79611],"class_list":["post-639947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bnb","tag-binance-coin","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"acf":[],"yoast_head":"\n
BNB Price Struggles to Hold $500: Is a Breakout Coming?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n