{"id":7408,"date":"2025-04-30T06:00:25","date_gmt":"2025-04-30T06:00:25","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/bnb-price-coils-at-support-bounce-looks-ready-to-launch\/"},"modified":"2025-04-30T06:00:25","modified_gmt":"2025-04-30T06:00:25","slug":"bnb-price-coils-at-support-bounce-looks-ready-to-launch","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/bnb-price-coils-at-support-bounce-looks-ready-to-launch\/","title":{"rendered":"BNB Price Coils at Support \u2014 Bounce Looks Ready to Launch"},"content":{"rendered":"<p><em>BNB price is consolidating above the $595 support zone. The price is now consolidating near $600 and might aim for more gains in the near term.<\/em><\/p>\n<ul>\n<li>BNB price is attempting to recover from the $600 support zone.<\/li>\n<li>The price is now trading near $602 and the 100-hourly simple moving average.<\/li>\n<li>There is a key rising channel forming with support near $600 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair must stay above the $598 level to start another increase in the near term.<\/li>\n<\/ul>\n<h2>BNB Price Holds Key Support<\/h2>\n<p>After forming a base above the $592 level, BNB price started a fresh increase. There was a move above the $595 and $600 resistance levels, like Ethereum and Bitcoin.<\/p>\n<p>The bulls even pushed the price above the $605 level. A high was formed at $611 before there was a minor downside correction. The price retested the $600 support zone. A low was formed at $598 and the price climbed above the 23.6% Fib retracement level of the recent decline from the $611 swing high to the $598 low.<\/p>\n<p>The price is now trading near $602 and the 100-hourly simple moving average. There is also a key rising channel forming with support near $600 on the hourly chart of the BNB\/USD pair.<\/p>\n<p>On the upside, the price could face resistance near the $606 level and the 61.8% Fib retracement level of the recent decline from the $611 swing high to the $598 low. The next resistance sits near the $610 level. A clear move above the $610 zone could send the price higher.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-740606\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/04\/Binance-Coin-BNB-4.png?resize=1024%2C449\" alt=\"BNB Price\" width=\"1024\" height=\"449\" loading=\"lazy\" \/><\/p>\n<p>In the stated case, BNB price could test $620. A close above the $620 resistance might set the pace for a larger move toward the $635 resistance. Any more gains might call for a test of the $650 level in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If BNB fails to clear the $610 resistance, it could start another decline. Initial support on the downside is near the $600 level. The next major support is near the $598 level.<\/p>\n<p>The main support sits at $592. If there is a downside break below the $592 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $580 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $600 and $598.<\/p>\n<p>Major Resistance Levels \u2013 $606 and $610.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB price is consolidating above the $595 support zone. The price is now consolidating near $600 and might aim for more gains in the near term. BNB price is attempting to recover from the $600 support zone. The price is now trading near $602 and the 100-hourly simple moving average. There is a key rising&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7409,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[555,242,556,557,244,245],"class_list":["post-7408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bnb","tag-binance-coin","tag-bnb","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/7408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=7408"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/7408\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/7409"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=7408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=7408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=7408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}