{"id":6417,"date":"2025-07-08T13:00:35","date_gmt":"2025-07-08T13:00:35","guid":{"rendered":"https:\/\/coinscap.info\/blog\/bnb-price-gears-up-for-upside-break-will-bulls-deliver\/"},"modified":"2025-07-08T13:00:35","modified_gmt":"2025-07-08T13:00:35","slug":"bnb-price-gears-up-for-upside-break-will-bulls-deliver","status":"publish","type":"post","link":"https:\/\/coinscap.info\/blog\/bnb-price-gears-up-for-upside-break-will-bulls-deliver\/","title":{"rendered":"BNB Price Gears Up for Upside Break \u2014 Will Bulls Deliver?"},"content":{"rendered":"<p><em>BNB price is gaining pace above the $650 support zone. The price is now showing positive signs and might aim for more gains in the near term.<\/em><\/p>\n<ul>\n<li>BNB price is attempting to recover from the $620 support zone.<\/li>\n<li>The price is now trading above $655 and the 100-hourly simple moving average.<\/li>\n<li>There is a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB\/USD pair (data source from Binance).<\/li>\n<li>The pair must stay above the $655 level to start another increase in the near term.<\/li>\n<\/ul>\n<h2>BNB Price Eyes More Gains<\/h2>\n<p>After forming a base above the $620 level, BNB price started a fresh increase. There was a move above the $645 and $650 resistance levels, like Ethereum and Bitcoin.<\/p>\n<p>The price even surged above the $660 level. A high was formed at $666 before there was a downside correction. The price dipped below the 50% Fib retracement level of the upward move from the $650 swing low to the $666 swing high.<\/p>\n<p>The price is now trading above $655 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $662 level. There is also a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" loading=\"lazy\" class=\"size-full wp-image-784941\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/07\/Binance-Coin-BNB.png?resize=1024%2C479\" alt=\"BNB Price \" width=\"1024\" height=\"479\" \/><\/p>\n<p>The next resistance sits near the $665 level. A clear move above the $665 zone could send the price higher. In the stated case, BNB price could test $672. A close above the $672 resistance might set the pace for a larger move toward the $680 resistance. Any more gains might call for a test of the $700 level in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If BNB fails to clear the $662 resistance, it could start another decline. Initial support on the downside is near the $655 level and the 61.8% Fib retracement level of the upward move from the $650 swing low to the $666 swing high. The next major support is near the $650 level.<\/p>\n<p>The main support sits at $644. If there is a downside break below the $644 support, the price could drop toward the $632 support. Any more losses could initiate a larger decline toward the $620 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 $655 and $650.<\/p>\n<p>Major Resistance Levels \u2013 $662 and $665.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BNB price is gaining pace above the $650 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $620 support zone. The price is now trading above $655 and the 100-hourly simple moving average. There is a key&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6418,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[216],"tags":[546,217,547,548,219,220],"class_list":["post-6417","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:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/6417","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/comments?post=6417"}],"version-history":[{"count":0,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/posts\/6417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media\/6418"}],"wp:attachment":[{"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/media?parent=6417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/categories?post=6417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscap.info\/blog\/wp-json\/wp\/v2\/tags?post=6417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}