{"id":149898,"date":"2023-09-05T10:36:31","date_gmt":"2023-09-05T05:06:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=149898"},"modified":"2023-09-05T10:36:31","modified_gmt":"2023-09-05T05:06:31","slug":"bnb-price-topside-bias-vulnerable-if-it-continues-to-struggle-below-225-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bnb-price-topside-bias-vulnerable-if-it-continues-to-struggle-below-225-crypto-news\/","title":{"rendered":"BNB Price Topside Bias Vulnerable If It Continues To Struggle Below $225 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>BNB price (Binance coin) failed to settle above $225 and trimmed gains against the US Dollar. The price could decline heavily if it trades below $210.<\/em><\/p>\n<ul>\n<li>Binance coin price tested the $235 resistance before the bears appeared against the US Dollar.<\/li>\n<li>The price is now trading below $220 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break below a key bullish trend line with support near $220 on the 4-hour chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair might gain continue to move down unless there is a close above $225.<\/li>\n<\/ul>\n<h2>Binance Coin Price Fails Again<\/h2>\n<p>In the last analysis, we discussed the chances of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/bnb\/bnb-price-prediction-recovery-235\/\">BNB price recovering toward the $235 resistance zone<\/a>. The price did climb higher toward the $235 resistance but failed to extend gains.<\/p>\n<p>It started a fresh decline from the $235 zone. There was a break below a key bullish trend line with support near $220 on the 4-hour chart of the BNB\/USD pair. The pair is now showing bearish signs below $220 and the 100 simple moving average (4 hours), like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-downside-thrust-25000\/\">Bitcoin<\/a> and Ethereum.<\/p>\n<p>A low is formed near $211.1 and the price is now consolidating losses. On the upside, it is facing resistance near the $216.5 level and the 100 simple moving average (4 hours). It is close to the 23.6% Fib retracement level of the recent decline from the $235 swing high to the $211 low.<\/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>A clear move above the $217 zone could send the price further higher. The next major resistance is near $225 or the 61.8% Fib retracement level of the recent decline from the $235 swing high to the $211 low, above which the price might rise toward $235. A close above the $235 resistance might set the pace for a larger increase toward the $250 resistance.<\/p>\n<h2>Another Decline in BNB?<\/h2>\n<p>If BNB fails to clear the $217 resistance, it could start another decline. Initial support on the downside is near the $211 level.<\/p>\n<p>The next major support is near the $210 level. If there is a downside break below the $210 support, the price could drop toward the $202 support. Any more losses could send the price toward the $184 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 below the 50 level.<\/p>\n<p>Major Support Levels \u2013 $211, $210, and $202.<\/p>\n<p>Major Resistance Levels \u2013 $217, $225, and $235.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNB price (Binance coin) failed to settle above $225 and trimmed gains against the US Dollar. The price could decline heavily if it trades below $210. Binance coin price tested the $235 resistance before the bears appeared against the US Dollar. The price is now trading below $220 and the 100 simple moving average (4 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":149899,"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-149898","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\/149898","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=149898"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149898\/revisions"}],"predecessor-version":[{"id":149900,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/149898\/revisions\/149900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/149899"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=149898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=149898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=149898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}