{"id":143837,"date":"2023-09-01T17:06:15","date_gmt":"2023-09-01T11:36:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=143837"},"modified":"2023-09-01T17:06:15","modified_gmt":"2023-09-01T11:36:15","slug":"recovery-to-235-on-the-horizon-as-bulls-step-in-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/recovery-to-235-on-the-horizon-as-bulls-step-in-crypto-news\/","title":{"rendered":"Recovery To $235 On The Horizon As Bulls Step-in &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>BNB price (Binance coin) is moving higher from $202 against the US Dollar. The price could rise further toward the $230 resistance or even $235.<\/em><\/p>\n<ul>\n<li>Binance coin price is slowly moving higher from the $202 zone against the US Dollar.<\/li>\n<li>The price is now trading below $225 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a connecting bearish trend line forming with resistance near $224 on the 4-hour chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair might gain bullish momentum above $224 and $225.<\/li>\n<\/ul>\n<h2>Binance Coin Price Eyes More Upsides<\/h2>\n<p>After a major decline, BNB price found support near the $202 zone. The price traded as low as $203.5 and recently started a recovery wave, similar to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-vulnerable-26500\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-bulls-fight-1660\/\">Ethereum<\/a>.<\/p>\n<p>There was a move above the $212 and $215 resistance levels. The price climbed above the 23.6% Fib retracement level of the main decline from the $248 swing high to the $203 low. However, the bears are now defending the $220 resistance zone.<\/p>\n<p>BNB price is still trading below $225 and the 100 simple moving average (4 hours). There is also a connecting bearish trend line forming with resistance near $224 on the 4-hour chart of the BNB\/USD pair.<\/p>\n<p>On the upside, it is facing resistance near the trend line and $225. The trend line is close to the 50% Fib retracement level of the main decline from the $248 swing high to the $203 low. A clear move above the $225 zone could send the price further higher.<\/p>\n<\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BNBUSD\/\">BNBUSD on TradingView.com<\/a><\/p>\n<p>The next major resistance is near $230, above which the price might rise toward $235. A close above the $235 resistance might increase the chances of a push above the $250 resistance.<\/p>\n<h2>Another Decline in BNB?<\/h2>\n<p>If BNB fails to clear the $225 resistance, it could start another decline. Initial support on the downside is near the $214 level.<\/p>\n<p>The next major support is near the $212 level. If there is a downside break below the $212 support, the price could drop toward the $202 support. Any more losses could send the price toward the $200 support.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-Hours MACD \u2013 The MACD for BNB\/USD is losing pace in the bearish zone.<\/p>\n<p>4-Hours RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $214, $212, and $202.<\/p>\n<p>Major Resistance Levels \u2013 $225, $230, and $235.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB price (Binance coin) is moving higher from $202 against the US Dollar. The price could rise further toward the $230 resistance or even $235. Binance coin price is slowly moving higher from the $202 zone against the US Dollar. The price is now trading below $225 and the 100 simple moving average (4 hours). [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":143838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-143837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=143837"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143837\/revisions"}],"predecessor-version":[{"id":143839,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/143837\/revisions\/143839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/143838"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=143837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=143837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=143837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}