BNB Resilience: Holding Firm At $560 – What’s Next?

BNB Resilience: Holding Firm At $560 – What’s Next?
фото показано с : newsbtc.com

2024-4-20 17:00

The price of BNB hasn’t fallen below its previous low, and it’s showing some strong signs of heading up. After a spell of moving downward, the Binance Smart Chain’s native token is aiming for an upward bounce back towards its earlier high.

Technical Indicators Point Toward Sustained Uptrend For BNB

To figure out where the BNB price might be headed next, several indicators can be used to examine the chart:

4-Hour MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and both the MACD line and the Signal line have crossed and are heading towards the MACD zero line, indicating a bullish trend. This can be seen in the above image.

RSI 4-hour Timeframe: The formation of the Relative Strength Index (RSI) in the below image also suggests an upward movement as the RSI signal line is seen trending above the 50% level. This indicates that buyers are still very active in the market therefore overpowering the strength of sellers.

4-hour alligator: A look at the alligator indicator from the 4-hour time frame shows that BNB is trading above the alligator lines as the alligator lip and teeth have both successfully crossed above the alligator jaw, suggesting that the price might be starting a new rally.

At the time of writing, the price of BNB was up by 1.35% and was trading around $561 in the last 24 hours. BNB price is showing bullish signs and also forming a base above the $508.1 support level. Also, the price is trading above the bearish trend line and below the 100 Simple Moving Average (SMA) on the 4-hour chart.

Final Thoughts

From the previous downward movement, the price of BNB has managed to create one major resistance level of $635 and one major support level of $508. Currently, BNB is moving toward this resistance level and if it breaks above this level, the price might go even further to create a new high. 

On the other hand, if the price fails to break above this major resistance, it will reverse and start a downward movement toward its previous support and if it manages to break below this support level, the price might move further downward thereby starting a new downward trend.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 664.47 (-0.05%)
Объем 24H $1.122b
Изменеия 24h: -0.33 %, 7d: -7.27 %
Cегодня L: $652.14 - H: $668.43
Капитализация $95.689b Rank 5
Доступно / Всего 144.008m BNB

bnb smart chain binance native downward spell

Источник: newsbtc.com

bnb smart → Результатов: 126


Binance вводит санкции на токены связанные с Multichain

Криптовалютная биржа Binance объявила, что приостанавливает депозиты и снятие средств для отдельных токенов Multichain-bridged через определенные сети. Монеты вместе с соответствующими сетями, которые пострадали: Polkastarter (POLS) в BNB Smart Chain; Alchemy Pay (ACH) в BNB Smart Chain; Beefy.

2023-7-5 19:51


Binance temporarily suspends deposits for 10 Multichain-bridged tokens

Crypto exchange Binance has announced a temporary suspension of deposits for ten Multichain-bridged (MULTI)  tokens, pending further clarification from the protocol’s team. According to a May 25 tweet from Binance, the exchange said the decision would affect some assets deposits with blockchain networks like Fantom (FTM), BNB Smart Chain, Ethereum (ETH), and Avalanche (AVAX).

2023-5-25 17:05


Фото:

ROVI Network Integration Boosts Boba Network’s Transaction Volume at a Pace of Over One Million Transactions per Month on Boba BNB Layer 2

California, USA, April 4th, 2023, Chainwire Network, the only multichain layer-2 blockchain scaling solution and the only smart contract platform that enables Web3-Web2 interoperability, announces that ROVI Network, a Web3 powerhouse building infrastructure and platforms to bring Crypto to the daily lives of billions of users, has officially launched on Boba Network’s Boba BNB L2 […] The post ROVI Network Integration Boosts Boba Network’s Transaction Volume at a Pace of Over One Million Transactions per Month on Boba BNB Layer 2 appeared first on CoinJournal.

2023-4-5 17:25


BNB Chain launches phase 2 of its online Bootcamp-Hackathon-Incubator program

BNB Chain is the world’s largest smart contract blockchain in terms of daily active users. It is conducting an online Bootcamp-Hackathon-Incubator program running for six months. The blockchain has launched the second phase of the program BNB Chain has launched Zero2Hero Hackathon, the second phase of its online Bootcamp-Hackathon-Incubator program that started its initial phase […] The post BNB Chain launches phase 2 of its online Bootcamp-Hackathon-Incubator program appeared first on CoinJournal.

2023-3-24 20:39


Площадка Binance NFT интегрировала поддержку сети Polygon

Платформа Binance NFT добавила поддержку проектов в сети Polygon. Это третий блокчейн, с которым работает маркетплейс (помимо BNB Smart Chain и Ethereum). Теперь клиенты смогут размещать, покупать и продавать NFT в сети Polygon.

2023-3-9 12:15


Binance меняет подход к управлению токенами в блокчейне BNB Chain

Криптобиржа Binance переходит на «полуавтоматический» процесс управления резервами токенов, выпускаемых на базе BNB Chain (бывш. Binance Smart Chain). Об этом пишет Bloomberg со ссылкой на представителя торговой площадки.

2023-2-24 09:58


Фото:

MegaWorld Launches Land Gameplay for BNB Chain on Feb 15

Web3 games have recently exploded in popularity because they introduce a novel concept to players: the ability to own and trade provable digital assets. In MegaWorld, players build NFT structures that run on the resources generated by other players’ NFT structures, with all the operations being performed by smart contracts deployed across three main blockchains […]

2023-2-3 21:41


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Gears Up For A Recovery Toward $3,659 – Time To Buy?

Ethereum is regaining its footing in the market with a strong recovery, drawing attention as it moves toward the critical $3,659 resistance level. This surge comes after a period of consolidation, during which ETH stabilized and built bullish momentum.

Bitcoin Under Siege: Bearish Pressure Keeps Price Below $99,575

Bitcoin is under intense bearish pressure as it struggles to reclaim the $99,575 mark, a key resistance level that has proven to be a significant hurdle. After an impressive rally earlier in the month, BTC’s momentum has slowed, with sellers taking control and keeping the cryptocurrency in a tight range below this critical threshold.

BNB Price Surge: Upbeat Momentum Builds After $724 Breakout

BNB has taken the spotlight with a powerful surge, breaking past the critical $724 resistance level and signaling the potential for more growth. This breakout has ignited bullish momentum, sparking speculation that the token could be gearing up for uncharted territory.