Friday, August 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

BNB Price Set to Outperform: Is a Breakout Coming Soon?

18 September 2024
in Analysis
Reading Time: 2 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on Twitter


BNB worth began a recent improve above the $542 resistance zone. The worth is now consolidating positive aspects and would possibly purpose for extra positive aspects above $550.

BNB worth began a recent improve above the $540 resistance zone.
The worth is now buying and selling beneath $550 and the 100-hourly easy shifting common.
There’s a key bearish development line forming with resistance at $550 on the hourly chart of the BNB/USD pair (information supply from Binance).
The pair should keep above the $540 pivot stage to start out one other improve within the close to time period.

BNB Worth Regains Traction

Up to now few days, BNB outperformed Ethereum and Bitcoin. It remained secure above $525 and began one other improve above the $535 resistance zone.

There was a transfer above the $542 and $545 resistance ranges. The worth climbed above the 50% Fib retracement stage of the downward transfer from the $562 swing excessive to the $527 low. Nevertheless, the bears are actually energetic close to the $550 resistance zone.

The worth is now buying and selling beneath $550 and the 100-hourly easy shifting common. If there’s a recent improve, the worth may face resistance close to the $550 stage. There’s additionally a key bearish development line forming with resistance at $550 on the hourly chart of the BNB/USD pair. The development line is near the 61.8% Fib retracement stage of the downward transfer from the $562 swing excessive to the $527 low.

The following resistance sits close to the $558 stage. A transparent transfer above the $558 zone may ship the worth increased. Within the acknowledged case, BNB worth may take a look at $565. An in depth above the $565 resistance would possibly set the tempo for a bigger transfer towards the $580 resistance. Any extra positive aspects would possibly name for a take a look at of the $592 stage within the close to time period.

Are Dips Supported?

If BNB fails to clear the $550 resistance, it may begin one other decline. Preliminary assist on the draw back is close to the $544 stage. The following main assist is close to the $540 stage.

The primary assist sits at $535. If there’s a draw back break beneath the $535 assist, the worth may drop towards the $520 assist. Any extra losses may provoke a bigger decline towards the $505 stage.

Technical Indicators

Hourly MACD – The MACD for BNB/USD is shedding tempo within the bullish zone.

Hourly RSI (Relative Energy Index) – The RSI for BNB/USD is at present above the 50 stage.

Main Assist Ranges – $540 and $535.

Main Resistance Ranges – $550 and $558.



Source link

Tags: BNBBreakoutComingOutperformPriceSet
Previous Post

Triple Bottom Formation: Is Ethereum Set For Major Upswing In Q4?

Next Post

New Cryptocurrency Releases, Listings, & Presales Today – Infinet, Quantlytica, DeBox

Related Posts

Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO – CoinJournal
Analysis

Ripple CTO addresses XRP debate as Kraken eyes $15 billion IPO – CoinJournal

1 August 2025
XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter
Analysis

XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

1 August 2025
Solana DEX volume dips 20% after co-founder slams meme coins – CoinJournal
Analysis

Solana DEX volume dips 20% after co-founder slams meme coins – CoinJournal

1 August 2025
XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – CoinJournal
Analysis

XRP inflows drop 95% since July spike, while Chaikin data signals possible rally – CoinJournal

31 July 2025
Analyst Says XRP Price Is Now In Wave 4 — What To Expect
Analysis

Analyst Says XRP Price Is Now In Wave 4 — What To Expect

1 August 2025
Cardano (ADA) Aims Higher – Bullish Setup Hints at New Leg Up
Analysis

Cardano (ADA) Aims Higher – Bullish Setup Hints at New Leg Up

31 July 2025
Next Post
New Cryptocurrency Releases, Listings, & Presales Today – Infinet, Quantlytica, DeBox

New Cryptocurrency Releases, Listings, & Presales Today – Infinet, Quantlytica, DeBox

BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin

BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
OpenAI Taps Nscale and Aker to Launch Stargate Norway

OpenAI Taps Nscale and Aker to Launch Stargate Norway

1 August 2025
SEC ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode

SEC ‘Project Crypto’ Sets the Stage for the Next Cryptos to Explode

1 August 2025
Strategy Stock Price Could Nearly Double as Bitcoin Treasury Aims to Dominate Market: Benchmark – Decrypt

Strategy Stock Price Could Nearly Double as Bitcoin Treasury Aims to Dominate Market: Benchmark – Decrypt

1 August 2025
Vitalik Buterin unveils plan to boost Ethereum speed and scalability

Vitalik Buterin unveils plan to boost Ethereum speed and scalability

1 August 2025
In the new documentary Architecton, buildings collapse and stones dance

In the new documentary Architecton, buildings collapse and stones dance

1 August 2025
Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$113,278.00-2.91%
  • ethereumEthereum(ETH)$3,512.60-5.80%
  • rippleXRP(XRP)$2.99-1.92%
  • tetherTether(USDT)$1.00-0.03%
  • binancecoinBNB(BNB)$757.91-4.58%
  • solanaSolana(SOL)$164.65-5.55%
  • usd-coinUSDC(USDC)$1.000.00%
  • staked-etherLido Staked Ether(STETH)$3,506.87-5.73%
  • dogecoinDogecoin(DOGE)$0.206523-2.92%
  • tronTRON(TRX)$0.325522-0.48%