The BNB price is showing remarkable bullish strength on the weekly chart, with technical signals aligning for a potential surge to $1,000. The altcoin has not only broken resistance levels but is currently maintaining a stronghold above the 50-week Exponential Moving Average (EMA). BNB Price Set To Catapult To $1,000 With momentum building, Binance Coin (BNB) could be gearing up for a significant price move to $1,000, taking it well above all-time high levels. This forecast, published in an analysis report by TradingView crypto expert Unichartz, notes that the BNB price action has broken above a long-standing descending resistance line, indicated by the red line in the chart. Related Reading: Crypto Analyst Releases Next Potential Targets For Cardano, Is $1 ADA Still Possible? The breakout from this downtrend signals the end of a multi-month consolidation phase and a potentially imminent trend reversal. More notably, the cryptocurrency has reclaimed a historical support-resistance zone marked in the shaded gray area around the $460 – $535 range, which previously acted as a ”battleground for bulls and bears.” This key level is now serving as a potential launchpad for further gains, reinforcing the BNB chart’s bullish structure. Moving forward, the 50 EMA, highlighted by the orange line in the chart, has repeatedly acted as a dynamic support for the BNB price during pullbacks. The TradingView analyst has revealed that on multiple occasions, BNB bounced off this moving average, confirming it as a reliable foundation for a potential rally. As long as the price continues to trade above this 50 EMA and within the reclaimed zone, Unichartz’s outlook for BNB remains optimistic. With sustained bullish momentum, a retest of the all-time high zone around $793 is likely. A successful breakout above this level could trigger a 45.99% climb toward the psychological $1,000 mark. BNB Bulls In Control As Price Aims For Fresh Breakout Market analyst Wise Crypto has issued a bullish forecast for the BNB price, anticipating a massive breakout that could see the altcoin surge above $700 soon. According to the analyst, several technical indicators and bullish developments are aligning in favor of this projected price surge. Related Reading: Crypto Analyst Says “Altseason Is Dawning” As Bitcoin Dominance Reaches HTF Resistance, What To Expect On the technical side, Wise Crypto pointed to indicators like the EMA, DMI, and Ichimoku Clouds flashing bullish. Fundamentally, the analyst emphasized Binance Coin’s growing Decentralized Exchange (DEX) volume. Notably, BNB’s DEX volume has skyrocketed by an impressive 85.66% increase within one week. The DEX trading volume saw a rise of about $34.85 billion, placing it well above its major competitors, Ethereum and Solana. Moreover, Wise Crypto has declared that BNB bulls have finally taken control, with the market trend demonstrating strength. Supported by positive technical indicators and growing DEX volume, the BNB price is expected to climb approximately 2.21% from its current price of $684.85 to reach $700 in the near term. Featured image from Adobe Stock, chart from Tradingview.com
BNB weekly chart is catching attention after market analyst UniChartz noted that the cryptocurrency exhibits strong upward momentum, supported by the crucial technical 50-week Exponential Moving Average (EMA). This moving average has been tested multiple times, but continues to act as solid, dynamic support, preventing deeper pullbacks and maintaining the structure of the current uptrend. Support Flips Bullish: Former Resistance Now Fuels Rally In the post on X, UniChartz emphasized a critical development in BNB’s recent price action. He pointed out that the asset has broken above a long-standing descending resistance line, a move that signals a possible shift in overall market structure. This breakout is a bullish signal on its own, but what makes it even more compelling is that BNB has also reclaimed a major support-resistance zone. Related Reading: BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up? According to UniChartz, this reclaimed zone, once a hotly contested battleground between buyers and sellers, has now transformed into a solid base for the ongoing rally. This transition from resistance to support reflects growing bullish conviction and suggests that market participants are more willing to accumulate at higher levels, rather than sell into strength. The descending trendline breakout and the firm support zone add strong technical confirmation to the upward case for BNB. UniChartz highlighted that these two zones are now acting as crucial pillars for the current uptrend and must hold to keep upside momentum intact. As long as the price holds above this reclaimed level, the path appears clearer for further upside, with bulls potentially targeting higher resistance zones in the coming weeks. BNB Bullish Structure Intact Delivering his final verdict, analyst UniChartz expressed a confident outlook on BNB’s trajectory, noting that the technical structure remains decisively bullish. Should BNB maintain its footing above these areas, UniChartz believes the next major objective will be a retest of the all-time high region near $793. Related Reading: BNB Price Surge Ahead: Standard Chartered Estimates $2,775 Value By 2028 This level marks a significant psychological and technical barrier, and a successful challenge could serve as a strong catalyst for the asset. If bulls manage to break and close above this target with volume, it may open the door for an extended rally, propelling BNB toward the $1,000 milestone and beyond. Such a move would reaffirm the strength of the current trend and solidify BNB’s status as one of the top-performing assets in the crypto space. However, continued bullish momentum, healthy market conditions, and supportive volume patterns will be key factors in determining whether BNB can sustain this upward trajectory and push into a price discovery phase. Featured image from Adobe Stock, chart from Tradingview.com
BNB price is consolidating above the $640 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 $640 support zone. The price is now trading above $655 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $652 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $642 level to start another increase in the near term. BNB Price Eyes Upside Break After forming a base above the $642 level, BNB price started a fresh increase. There was a move above the $650 and $655 resistance levels, like Ethereum and Bitcoin. There was a decent move above the 50% Fib retracement level of the recent decline from the $671 swing high to the $642 low. Besides, there was a break above a connecting bearish trend line with resistance at $652 on the hourly chart of the BNB/USD pair. The price is now trading above $655 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $660 level. It is close to the 61.8% Fib retracement level of the recent decline from the $671 swing high to the $642 low. The next resistance sits near the $670 level. A clear move above the $670 zone could send the price higher. In the stated case, BNB price could test $678. A close above the $678 resistance might set the pace for a larger move toward the $685 resistance. Any more gains might call for a test of the $700 level in the near term. Another Decline? If BNB fails to clear the $660 resistance, it could start another decline. Initial support on the downside is near the $652 level. The next major support is near the $650 level. The main support sits at $642. If there is a downside break below the $642 support, the price could drop toward the $630 support. Any more losses could initiate a larger decline toward the $620 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $650 and $642. Major Resistance Levels – $660 and $670.
BNB price is consolidating above the $605 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 $600 support zone. The price is now trading above $612 and the 100-hourly simple moving average. There is a key bullish trend line forming with support near $622 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $612 level to start another increase in the near term. BNB Price Eyes More Gains After forming a base above the $600 level, BNB price started a fresh increase. There was a move above the $605 and $612 resistance levels, like Ethereum and Bitcoin. The bulls even pushed the price above the $625 level. A high was formed at $629 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $597 swing low to the $629 high. The price is now trading above $622 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $622 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $628 level. The next resistance sits near the $630 level. A clear move above the $630 zone could send the price higher. In the stated case, BNB price could test $642. A close above the $642 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $655 level in the near term. Another Decline? If BNB fails to clear the $630 resistance, it could start another decline. Initial support on the downside is near the $622 level. The next major support is near the $620 level. The main support sits at $612 and the 50% Fib retracement level of the recent wave from the $597 swing low to the $629 high. If there is a downside break below the $612 support, the price could drop toward the $605 support. Any more losses could initiate a larger decline toward the $600 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $622 and $612. Major Resistance Levels – $630 and $642.
Standard Chartered has initiated formal coverage of Binance’s exchange token, BNB, and set out one of the industry’s most detailed long-term trajectories for the asset. In a research note shared with The Block, Geoffrey Kendrick, the bank’s global head of digital-asset research, argues that the token price could accelerate from roughly $600 today to $1,275 by 2025 and $2,775 by 2028, before “plateauing” through 2029. BNB Could Spike By 360% The path implies a gain of more than 360% from current levels and, crucially, situates the token in what Kendrick calls “a benchmark-like role” inside the wider crypto capital structure. “BNB has traded almost exactly in line with an unweighted basket of Bitcoin and Ethereum since May 2021 in terms of both returns and volatility,” Kendrick wrote. “We expect this relationship to continue to hold, driving the price from around $600 currently to $2,775 by end-2028.” Related Reading: BNB Textbook Support Rebound Sets The Stage for More Upside – See How Standard Chartered’s broader outlook is unabashedly bullish on the majors: Bitcoin is projected to reach $200,000 in 2025 and $500,000 in 2028, while Ethereum is pencilled in at $4,000 and $7,500 over the same horizons. When those forecasts are translated into cross-asset ratios, they reveal subtle shifts in market share. The BTC-BNB ratio—how many BNB one Bitcoin can buy—is expected to tick up from 157 in 2025 to 180 by 2027, then hold steady, implying that Bitcoin’s dollar appreciation is likely to outrun BNB’s. By contrast, the ETH-BNB ratio is seen slipping from 3.14 in 2025 to 2.70 in 2027, signalling that Ethereum may outperform BNB, but more gently than Bitcoin will. Kendrick acknowledges that BNB “may underperform Bitcoin and Ether both in real terms and as measured by market cap in circulation,” yet he contends that its deflationary tokenomics and deep linkage to the world’s largest centralized exchange “support its long-term value.” The research note scrutinises BNB Chain’s architecture. Its “proof-of-staked authority” model rotates just 45 validators every 24 hours—a sharp contrast to Ethereum’s million-plus validator set. Kendrick describes BNB Chain as “highly centralised relative to other chains,” adding that its developer activity has “stagnated” since the 2021 DeFi surge and now trails networks such as Avalanche and Ethereum. Related Reading: BNB Bulls Target $644 As Classic Chart Formation Emerges Even so, forthcoming technical milestones are expected to expand the ecosystem’s resilience. Kendrick cites the recently completed Pascal hard fork and the looming Maxwell upgrade, due in June, as examples of “incremental but meaningful” incentives for developers. On the demand side, the token’s fortunes remain tethered to Binance’s trading engine. Holders receive tiered fee discounts calculated on their token balance and 30-day volume—a mechanically enforced use-case that has so far “helped the BNB Chain retain activity even as competition from other ecosystems like Solana grows,” Kendrick notes. PancakeSwap, the dominant decentralised exchange on BNB Chain, amplifies that liquidity loop. Meanwhile, regular token burns, coupled with the fixed-limit supply, underpin a structural deflation that Standard Chartered says justifies the premium BNB commands on its market-cap-to-GDP valuation screen—currently “rich” by the bank’s preferred metric. At press time, BNB traded at $605. Featured image created with DALL.E, chart from TradingView.com
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 channel forming with support near $600 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $598 level to start another increase in the near term. BNB Price Holds Key Support 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. 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. 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. 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. 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. Another Decline? 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. 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. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $600 and $598. Major Resistance Levels – $606 and $610.
BNB price is rising from the $580 support zone. The price is now consolidating gains above $600 and might aim for more gains in the near term. BNB price is attempting to recover above the $615 resistance zone. The price is now trading above $600 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $611 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $600 level to start another increase in the near term. BNB Price Eyes More Upsides After forming a base above the $580 level, BNB price started a fresh increase. There was a move above the $595 and $600 resistance levels, like Ethereum and Bitcoin. The bulls even pushed the price above the $610 level. A high was formed at $620 before there was a minor downside correction. The price dipped below the 23.6% Fib retracement level of the upward move from the $594 swing low to the $620 high. The price is now trading above $600 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $611 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $618 level. The next resistance sits near the $620 level. A clear move above the $620 zone could send the price higher. In the stated case, BNB price could test $635. A close above the $635 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term. Another Decline? If BNB fails to clear the $620 resistance, it could start another decline. Initial support on the downside is near the $611 level. The next major support is near the $607 level and the 50% Fib retracement level of the upward move from the $594 swing low to the $620 high. The main support sits at $600. If there is a downside break below the $600 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $580 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $611 and $607. Major Resistance Levels – $618 and $620.
The cryptocurrency market thrives on pivotal make-or-break moments at certain price levels where assets either collapse or catapult higher. For BNB, the $531 support level has proven to be a turning point. After a period of uncertainty, BNB has held this crucial zone and ignited a powerful rebound, confirming a shift in market structure from cautious consolidation to bullish momentum. This resurgence is more than just a technical bounce. It reflects growing confidence among traders, resilient demand at key levels, and a broader market appetite for altcoins as Bitcoin stabilizes. With strong volume, reclaiming key moving averages, and breaking near-term resistance, BNB is signaling that the correction phase may be over. BNB Chart Pattern Signaling Sustained Momentum In a recent post shared on X, UniChartz highlighted that BNB is currently displaying strong bullish momentum after rebounding from a key zone. This level, which once served as a major resistance barrier, has now flipped into solid support, a classic bullish signal that often reinforces the strength of an ongoing uptrend. Related Reading: BNB Price Eyes Breakout, But $600 Remains A Stubborn Ceiling According to the analysis, the successful retest of this zone validates the breakout and suggests that buyers are stepping in. With momentum building and price structure aligning in favor of the bulls, BNB could be primed for further climb if this support continues to hold firm. He further noted that as long as BNB maintains its position above this key support zone, the overall bullish structure remains intact, keeping the momentum firmly in favor of the bulls. This sustained strength reinforces the possibility of a continued climb, with the path toward a new all-time high (ATH) near the $794 level looking increasingly viable. This outlook is supported by the 50-day Exponential Moving Average (EMA), which continues to serve as dynamic support, closely tracking price action and cushioning minor pullbacks. The alignment of price above this moving average further solidifies the current uptrend, suggesting that BNB may be gearing up for a sustained rally if broader market sentiment remains favorable. Breaking Barriers: Key Resistance Levels To Watch Currently, BNB is on the verge of breaking above the crucial $605 resistance level. This level serves as a psychological barrier and aligns with a key technical area where selling pressure has historically emerged. A decisive break above this resistance, especially if supported by a strong surge in trading volume, might signal a clear confirmation of buyer dominance in the market. Related Reading: BNB Price Faces More Downside—Can Bulls Step In? Such a breakout would likely trigger a wave of new buying interest from retail traders and institutional participants. More importantly, clearing this level could open the door for BNB to target higher resistance zones, including the $680, $724, and all-time highs. Until then, traders should watch this level closely because BNB’s response here could shape the trajectory of its next major move. Featured image from iStock, chart from Tradingview.com
BNB price is recovering from the $575 support zone. The price is now consolidating gains and might face hurdles near $585 and $600. BNB price is attempting to recover above the $580 resistance zone. The price is now trading below $585 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $585 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $575 level to start another increase in the near term. BNB Price Faces Resistance After struggling to clear the $595 resistance, BNB price started a fresh decline. There was a move below the $590 and $585 levels, like Ethereum and Bitcoin. A low was formed at $576 and the price is now attempting to recover. There was a move above the $580 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $594 swing high to the $576 low. The price is now trading below $585 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $585 level. There is also a connecting bearish trend line forming with resistance at $585 on the hourly chart of the BNB/USD pair. The next resistance sits near the $588 level and the 61.8% Fib retracement level of the downward move from the $594 swing high to the $576 low. A clear move above the $588 zone could send the price higher. In the stated case, BNB price could test $595. A close above the $595 resistance might set the pace for a larger move toward the $600 resistance. Any more gains might call for a test of the $620 level in the near term. Another Decline? If BNB fails to clear the $585 resistance, it could start another decline. Initial support on the downside is near the $580 level. The next major support is near the $575 level. The main support sits at $562. If there is a downside break below the $562 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $535 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $580 and $575. Major Resistance Levels – $585 and $595.
BNB price is recovering from the $535 support zone. The price is now consolidating gains and might face hurdles near $588 and $600. BNB price is attempting to recover above the $575 resistance zone. The price is now trading above $565 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $565 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $560 level to start another increase in the near term. BNB Price Faces Resistance After forming a base above the $535 level, BNB price started a fresh increase. There was a move above the $550 and $560 resistance levels. It even recovered above the $580 level before the bears appeared, like Ethereum and Bitcoin. A high was formed at $586 and the price recently correcting some gains. There was a move below the $575 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $534 swing low to the $585 high. However, the bulls were active near the $565 support zone. There is also a connecting bullish trend line forming with support at $565 on the hourly chart of the BNB/USD pair. The price is now trading above $560 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $580 level. The next resistance sits near the $585 level. A clear move above the $585 zone could send the price higher. In the stated case, BNB price could test $592. A close above the $592 resistance might set the pace for a larger move toward the $600 resistance. Any more gains might call for a test of the $620 level in the near term. Another Decline? If BNB fails to clear the $588 resistance, it could start another decline. Initial support on the downside is near the $570 level. The next major support is near the $565 level. The main support sits at $560 and the 50% Fib retracement level of the upward move from the $534 swing low to the $585 high. If there is a downside break below the $560 support, the price could drop toward the $550 support. Any more losses could initiate a larger decline toward the $535 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $565 and $560. Major Resistance Levels – $588 and $600.
BNB price is recovering from the $588 support zone. The price is now correcting gains and might struggle to stay above the $600 support. BNB price is attempting to recover above the $600 resistance zone. The price is now trading below $610 and the 100-hourly simple moving average. There is a short-term declining channel forming with resistance at $610 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $600 level to start another increase in the near term. BNB Price Faces Resistance After forming a base above the $588 level, BNB price started a fresh increase. There was a move above the $600 and $610 resistance levels. It even recovered above the $615 level before the bears appeared, like Ethereum and Bitcoin. A high was formed at $618 and the price is now correcting gains. There was a move below the $615 level. The price dipped below the 50% Fib retracement level of the upward move from the $587 swing low to the $618 high. There is also a short-term declining channel forming with resistance at $610 on the hourly chart of the BNB/USD pair. The price is now trading below $610 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $610 level. The next resistance sits near the $612 level. A clear move above the $612 zone could send the price higher. In the stated case, BNB price could test $618. A close above the $620 resistance might set the pace for a larger move toward the $626 resistance. Any more gains might call for a test of the $635 level in the near term. Another Decline? 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 and the 61.8% Fib retracement level of the upward move from the $587 swing low to the $618 high. The main support sits at $594. If there is a downside break below the $594 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $600 and $598. Major Resistance Levels – $610 and $618.
The crypto market just got a shock as BNB plunged below the crucial $605 support level, sending ripples of concern across trading circles. This sudden breakdown comes after weeks of bullish dominance, leaving investors scrambling to answer one critical question: Is this a temporary dip or the start of a major trend reversal? With weakening momentum and key technical indicators flashing red, BNB charts are telling a worrisome story. The once-steady uptrend now faces its toughest test as the token struggles to maintain its footing in a suddenly bearish market. Bearish Pressure Builds: Are BNB Sellers Gaining Control? BNB’s price is facing growing bearish pressure after slipping below the crucial $605 level, signaling a potential shift in market momentum. The failed attempt to hold this key support has allowed sellers to take control, pushing BNB lower and raising concerns about a prolonged decline. Related Reading: BNB Bulls Take Charge: Price Rebounds Strongly After Recent Dip Technical indicators further confirm the increasing strength of sellers. The MACD has turned negative, indicating a loss of upward momentum, while the RSI is trending downward, suggesting that buying pressure is weakening. Additionally, trading volume remains low on attempted rebounds, highlighting a lack of conviction from bulls. If sellers maintain their grip, BNB could extend its decline toward the next major support zone around $531, which previously served as a short-term bounce level during past corrections. A break below this zone would solidify bearish dominance and cause a deeper decline to $500. Below $500, the next key level to watch is $454, representing a technical support area. Pushing below this level may trigger an extended sell-off, driving BNB toward other key support levels where traders may look for signs of reversal. What Needs To Happen For A Rebound For BNB to stage a meaningful recovery after breaking below $605, the bulls must reclaim key levels and generate strong buying momentum. Its first crucial step is stabilizing above $530, a short-term support zone that could provide the foundation for a reversal. Holding this level would signal that buyers are stepping in, preventing more declines. Related Reading: BNB Flips Solana’s Market Cap Amid Market Retrace – Breakout To $700 Coming? A sustained move back above $605 would be the next major confirmation of a recovery. Reclaiming this level as support might shift market sentiment in favor of the bulls and trigger renewed buying interest. Additionally, the Relative Strength Index (RSI) needs to rebound from oversold conditions, while the MACD crossover into bullish territory would reinforce an upside move. For a stronger bullish outlook, BNB would need to push past $680, a level that previously acted as resistance. Breaking above this zone with increasing volume could confirm a trend reversal toward $724 and $795, marking a full recovery from recent losses. Featured image from Adobe Stock, chart from Tradingview.com
BNB price is recovering from the $600 support zone. The price is rising and might aim for a fresh move toward the $640 resistance. BNB price is moving higher above the $620 resistance zone. The price is now trading below $630 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $627 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $615 level to start another increase in the near term. BNB Price Eyes Upside Break After forming a base above the $600 level, BNB price started a fresh increase. There was a move above the $618 and $610 resistance levels. It even recovered above the $625 level, like Ethereum and Bitcoin. There was a break above the 23.6% Fib retracement level of the downward move from the $645 swing high to the $615 low. The price is now trading below $630 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $628 level. There is also a connecting bearish trend line forming with resistance at $627 on the hourly chart of the BNB/USD pair. The next resistance sits near the $630 level or the 50% Fib retracement level of the downward move from the $645 swing high to the $615 low. A clear move above the $630 zone could send the price higher. In the stated case, BNB price could test $638. A close above the $638 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term. Another Decline? If BNB fails to clear the $630 resistance, it could start another decline. Initial support on the downside is near the $622 level. The next major support is near the $615 level. The main support sits at $600. If there is a downside break below the $600 support, the price could drop toward the $585 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $622 and $615. Major Resistance Levels – $628 and $630.
After a brief yet necessary cooldown, BNB is back in action, regaining bullish momentum and resuming its uptrend. The recent pullback provided a much-needed reset, allowing buyers to step in near the $605 support level and strengthen the foundation for a renewed climb. Now, with increasing buying pressure, BNB is making another push toward key resistance levels, signaling that the rally may not be over just yet. However, breaking through overhead resistance will be a crucial test for bulls. If buying pressure continues to build, BNB could push toward new local highs. Meanwhile, if bears step in at key levels, another retracement could be on the horizon. Technical Rebound: Charting The Recovery Momentum After a strong rally, BNB experienced a brief pullback, allowing the market to cool off before resuming its upward trajectory. Rather than signaling a reversal, this dip served as a natural correction, shaking out weak hands while providing strong support for the next move. Related Reading: BNB Price Finds Footing After Clearing $605 Resistance Toward Higher Targets During the pullback, BNB found support at a crucial level, preventing a deeper decline and reinforcing bullish confidence. The consolidation phase also helped ease overbought conditions, resetting momentum indicators like the Relative Strength Index (RSI) and allowing for a more sustainable climb. Additionally, the price is currently holding above the 100-day Simple Moving Average (SMA). As long as the price remains above the 100-day SMA, the uptrend remains intact, suggesting the potential for further gains. As BNB continues its recovery, key resistance levels will play a crucial role in determining the strength of its uptrend. The first major hurdle lies at $680, a psychological and technical barrier where previous rejections have occurred. A decisive break above this level could attract more buying pressure, paving the way for more growth. Beyond $680, the next resistance to monitor is around $725, where sellers previously stepped in during the last rally. Clearing this zone would signal strong upward movement and open the door for a potential test of the $795 mark, a key milestone that might fuel further upside. BNB Bearish Risks: What Could Halt The Uptrend? Despite BNB’s renewed bullish momentum, several factors could stall its upward movement. One key risk is failure at critical resistance levels, particularly around $680. A rejection at these points combined with declining buying pressure, would trigger a pullback and encourage profit-taking. Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Another concern is weak trading volume. If BNB’s rally lacks sufficient volume support, it may indicate waning investor confidence, making it easier for sellers to regain control. Additionally, if indicators like the RSI enter the overbought territory without strong price follow-through, a correction could be imminent. Featured image from Unsplash, chart from Tradingview.com
BNB has once again demonstrated its resilience and strength by breaking through the crucial $605 resistance level. This milestone, achieved after weeks of testing and consolidation, has sparked renewed interest among traders and investors. Following the breakout, BNB has entered a phase of price stabilization, comfortably holding above the $605 mark and transforming it into a robust support zone. This consolidation phase is a classic sign of a healthy market, as it allows the asset to catch its breath after a significant upward move. It also suggests that the breakout was backed by genuine buying pressure rather than short-term speculation. With the $605 level now acting as a springboard, the stage is set for BNB to target higher price levels in the coming days or weeks. BNB Price Action: Stability Above $605 Signals Strength BNB’s ability to hold above the $605 resistance level after breaking through reflects growing bullish momentum. Its stability indicates that buyers are defending the breakout level, reinforcing its significance as a new support zone. Sustained trading above this level could pave the way for further gains toward targets near $630 and $650. Related Reading: BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks Technical indicators reinforce the strength of BNB’s breakout, signaling that bullish momentum remains intact. The MACD continues to trend in positive territory, with the MACD line staying above the signal line. This positioning suggests that buying pressure remains dominant, and the possibility of further gains remains strong. Additionally, the histogram bars are expanding, reflecting increasing bullish momentum. Furthermore, the 100-day Simple Moving Average (SMA) acts as dynamic support, with BNB trading above it, which implies that the broader trend remains bullish, and any dips toward this level could present buying opportunities. If BNB maintains its momentum, it could target $680, strengthening its bullish outlook. A breakout above the level may attract more buyers, increasing the chances of a sustained rally. Presently, the $680 serves as a key resistance, and clearing it with strong volume is likely to spark a move to $724 in the medium term. Support Zones To Watch In Case Of A Pullback If BNB experiences a pullback, the $605 level will be the first key support to watch, as it has flipped from resistance to support. Holding this level could reinforce bullish momentum and signal that buyers are defending the breakout. Related Reading: Binance Coin Critical Test: Will BNB Hold Or Plunge To $214? However, if selling pressure increases and $605 fails to hold, the $531 demand zone comes into play, which has historically provided strong support. A rebound from this level would indicate buyer strength, but a break below will expose BNB to more downside before another bullish attempt. An extended correction could bring $500 into focus, which aligns with the 100-day SMA and has previously served as a significant pivot point for price rebounds. Featured image from Adobe Stock, chart from Tradingview.com
BNB is making a strong comeback as bullish momentum picks up following a recent dip, sparking renewed optimism among traders. After facing significant selling pressure, the price found solid support at the $500 mark, allowing buyers to step in and drive a sharp rebound. This renewed strength suggests that BNB could be gearing up for a larger recovery, with key resistance levels now coming into play. Market sentiment appears to be shifting in favor of the bulls, but challenges remain. The price must overcome crucial resistance zones to confirm a sustained uptrend, while technical indicators will play a key role in determining whether this recovery has enough strength to continue. BNB Strong Rebound: What’s Driving The Recovery? BNB has staged a strong comeback following its recent dip. The price rebound comes as buyers step in at the $500 critical support level, preventing further downside and fueling a fresh upward move. This shift suggests growing confidence among investors, with increased accumulation at lower levels helping to stabilize the price. Related Reading: BNB Price Shows Strength—Is a Comeback in Play? A notable rise of over 34% in trading volume further reinforces the recovery, potentially driving additional upside. Additionally, improving sentiment across the broader crypto market has contributed to BNB’s momentum, providing a more favorable environment for price appreciation. Presently, the RSI indicator is gradually approaching the 50% threshold, hinting at a possible shift in momentum. A successful move above this level could bolster buying pressure, reinforcing the ongoing recovery. However, if the RSI struggles to break past 50%, it may suggest that bullish momentum remains weak, leaving room for potential price fluctuations Despite the recovery, key resistance levels still stand in the way of a sustained uptrend. Bulls must maintain momentum and push the price above these hurdles to confirm continued strength. If the rally stalls near the resistance, consolidation or another pullback could follow, making it crucial to watch. Key Resistance Levels That Could Challenge The Bulls While BNB pushes higher, key resistance levels continue to hinder its upward trend. The first major hurdle is at $605, a level where selling pressure previously emerged, leading to a price rejection. A break above this zone could open the door for further gains. Related Reading: BNB Price Poised for Gains: Bulls Push for New Highs Beyond this, the next resistance to watch is $680, a historically significant level that may determine whether BNB extends its recovery or faces renewed bearish pressure. If bulls can gather enough momentum to clear these barriers, it would strengthen the case for a continued rally. However, a rejection at resistance might indicate that buyers are losing steam, potentially leading to another retracement toward lower support zones. Featured image from Medium, chart from Tradingview.com
BNB price is recovering from the $550 support zone. The price is rising and might aim for a fresh move toward the $635 resistance. BNB price is moving higher above the $585 resistance zone. The price is now trading below $595 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $600 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $588 level to start another increase in the near term. BNB Price Eyes Fresh Surge After forming a base above the $550 level, BNB price started a fresh increase. There was a move above the $565 and $570 resistance levels. It even recovered above the $588 level, beating Ethereum and Bitcoin. There was a decent move above the 50% Fib retracement level of the downward move from the $637 swing high to the $548 low. There is also a connecting bullish trend line forming with support at $600 on the hourly chart of the BNB/USD pair. However, the bears seem to be active near the $605 and $606 levels. The price is now trading above $600 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $606 level. The next resistance sits near the $616 level or the 76.4% Fib retracement level of the downward move from the $637 swing high to the $548 low. A clear move above the $616 zone could send the price higher. In the stated case, BNB price could test $635. A close above the $634 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term. Another Decline? If BNB fails to clear the $606 resistance, it could start another decline. Initial support on the downside is near the $600 level. The next major support is near the $595 level. The main support sits at $588. If there is a downside break below the $588 support, the price could drop toward the $570 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $600 and $595. Major Resistance Levels – $606 and $616.
BNB price is recovering from the $595 support zone. The price is rising and might aim for a fresh move toward the $632 resistance. BNB price is moving higher above the $610 resistance zone. The price is now trading below $630 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $618 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $595 level to start another increase in the near term. BNB Price Eyes Fresh Upside Break After forming a base above the $590 level, BNB price started a fresh increase. There was a move above the $600 and $610 resistance levels. It even recovered above the $612 level, beating Ethereum and Bitcoin. There was a decent move above the 50% Fib retracement level of the downward move from the $632 swing high to the $5995 low. However, the bears seem to be active near the $615 and $618 levels. There is also a connecting bearish trend line forming with resistance at $618 on the hourly chart of the BNB/USD pair. The price is now trading below $620 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $618 level. The next resistance sits near the $622 level or the 76.4% Fib retracement level of the downward move from the $632 swing high to the $5995 low. A clear move above the $622 zone could send the price higher. In the stated case, BNB price could test $632. A close above the $632 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $665 level in the near term. Another Decline? If BNB fails to clear the $622 resistance, it could start another decline. Initial support on the downside is near the $602 level. The next major support is near the $600 level. The main support sits at $595. If there is a downside break below the $595 support, the price could drop toward the $588 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $600 and $595. Major Resistance Levels – $622 and $632.
BNB price is recovering from the $630 support zone. The price is rising and might aim for a fresh move toward the $680 resistance. BNB price is moving higher above the $650 resistance zone. The price is now trading below $660 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $655 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $650 level to start another increase in the near term. BNB Price Eyes Fresh Upside After forming a base above the $630 level, BNB price started a fresh increase. There was a move above the $635 and $640 resistance levels. It even recovered above the $650 level, beating Ethereum and Bitcoin. There was a decent move above the 50% Fib retracement level of the downward move from the $682 swing high to the $630 low. However, the bears seem to be active near the $655 and $660 levels. There is also a connecting bearish trend line forming with resistance at $655 on the hourly chart of the BNB/USD pair. The price is now trading below $660 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $655 level. The next resistance sits near the $660 level or the 61.8% Fib retracement level of the downward move from the $682 swing high to the $630 low at $662. A clear move above the $662 zone could send the price higher. In the stated case, BNB price could test $680. A close above the $680 resistance might set the pace for a larger move toward the $700 resistance. Any more gains might call for a test of the $720 level in the near term. Another Decline? If BNB fails to clear the $662 resistance, it could start another decline. Initial support on the downside is near the $650 level. The next major support is near the $642 level. The main support sits at $630. If there is a downside break below the $630 support, the price could drop toward the $612 support. Any more losses could initiate a larger decline toward the $600 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $650 and $642. Major Resistance Levels – $655 and $662.
BNB price is gaining pace from the $600 support zone. The price is rising and might aim for a fresh move toward the $750 resistance. BNB price is moving higher above the $650 resistance zone. The price is now trading above $665 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $660 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $650 level to start another increase in the near term. BNB Price Eyes Fresh Rally After forming a base above the $600 level, BNB price started a fresh increase. There was a move above the $620 and $650 resistance levels. It even rallied above the $700 level, beating Ethereum and Bitcoin. The price traded as high as $732 and recently saw a downside correction. There was a move below the $700 support level. The price dipped below the 23.6% Fib retracement level of the upward move from the $596 swing low to the $732 high. The price is now trading above $650 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $660 on the hourly chart of the BNB/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $596 swing low to the $732 high. If there is a fresh increase, the price could face resistance near the $700 level. The next resistance sits near the $720 level. A clear move above the $720 zone could send the price higher. In the stated case, BNB price could test $732. A close above the $732 resistance might set the pace for a larger move toward the $750 resistance. Any more gains might call for a test of the $800 level in the near term. Another Decline? If BNB fails to clear the $700 resistance, it could start another decline. Initial support on the downside is near the $665 level. The next major support is near the $650 level. The main support sits at $635. If there is a downside break below the $635 support, the price could drop toward the $620 support. Any more losses could initiate a larger decline toward the $600 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $665 and $650. Major Resistance Levels – $700 and $732.
BNB is riding a strong bullish wave, surging over 10% as bullish momentum continues to build. This impressive rally has brought the price closer to the critical $724 resistance level, a key barrier that could dictate its next major move. Over the past few days, BNB has displayed strong buying pressure, signaling renewed investor confidence. The surge comes amid broader market optimism, with bulls aiming to capitalize on the move. However, the $724 mark has historically been a tough zone, where sellers have previously stepped in to trigger corrections. With market sentiment shifting in favor of altcoins, BNB’s performance is being closely watched. Will it conquer $724, or will resistance prove too strong? The coming days will be crucial in determining BNB’s next chapter. Technical Analysis: Can BNB Break Through $724? BNB’s recent 10% surge has brought it closer to the critical and challenging $724 resistance level, and breaking through it would require substantial buying pressure. The cryptocurrency’s price is currently trading above the 100-day Simple Moving Average (SMA), indicating that bullish momentum remains intact. This technical indicator is often used to gauge the overall market trend, and trading above it suggests that buyers are in control and the uptrend could continue. Related Reading: BNB Bounce From $500: A Temporary Recovery Or Start Of A Rally? A sustained position above the 100-day SMA typically acts as a strong support level, preventing deeper pullbacks and reinforcing market confidence. If buying pressure remains steady, the price may continue its upward trajectory to key resistance levels. However, the MACD indicator shows overbought conditions, signaling that the asset may be approaching a potential reversal or consolidation phase. When the MACD line moves significantly above the signal line and the histogram expands, it often suggests that upside pressure is losing steam, and a price correction could be on the horizon. An overbought MACD reading does not necessarily mean an immediate downturn, but it does indicate that buyers may be exhausted and that profit-taking may increase. If the indicator starts to show a bearish crossover—where the MACD line crosses below the signal line—it would confirm a weakening trend, leading to a price retracement toward key support levels. Market Outlook: What’s Next For The Price? The market outlook remains cautiously bullish, with technical indicators showing strong momentum. BNB is trading above key moving averages, reinforcing the uptrend, while trading volume remains high, signaling sustained investor interest. However, challenges remain, particularly with the MACD flashing overbought signals, causing the rally to lose steam. Related Reading: BNB Steadies Above Support: Will Bullish Momentum Return? Should BNB break and hold above $724, it might trigger a fresh wave of buying, pushing the price toward $795 and beyond. On the other hand, a rejection at this level is likely to spark a short-term pullback, with $680 and $605 acting as key support zones. Featured image from Adobe Stock, chart from Tradingview.com
Amid today’s market retrace, BNB is leading the market with a 9% surge and surpassed Solana after flipping the cryptocurrency’s market cap. Some analysts suggest BNB’s breakout could attempt to reclaim the $700 level and target new highs. Related Reading: Bitcoin Finds Price Stability: Reclaiming $101,000 Depends On This Level BNB Leads The Crypto Market On Wednesday, the crypto market recorded another retrace, with Bitcoin (BTC) falling to a one-week low of $94,000. The rest of the market registered red numbers, with most cryptocurrencies in the top 10 bleeding. Meanwhile, BNB, previously known as Binance Coin, swan against the current today, jumping to a 12-day high of $689. The cryptocurrency had a strong Q4 2024 after reclaiming the $700 resistance as support and reaching an all-time high (ATH) of $750 in December. Nonetheless, the start-of-year retraces halted BNB’s momentum, sending the cryptocurrency below the $700 mark on Inauguration Day to hover between the $680-$660 price range. The DeepSeek correction further saw the cryptocurrency nosedive to its lowest valuation since September. BNB momentarily fell to $500, driving the market sentiment into uncertain territory. Since then, the cryptocurrency has climbed 34% from the recent lows, steadily recovering key support zones. Today, the token jumped 9%, retesting the $660 and $670 resistance zones for the first time in 12 days. The surge saw BNB lead the crypto market, being the only token in the top 10 by market capitalization (MC) to record gains throughout Wednesday morning. Additionally, the cryptocurrency flipped Solana as the fifth-largest cryptocurrency by market cap after hitting $96 billion. On-chain data analysis firm Lookonchain noted that the BNB chain has processed 68.3 million transactions in the past 30 days, making it the top EVM chain by 30-day transactions. Breakout To $700 Around The Corner? Crypto analyst Ali Martinez pointed out that BNB could be gearing up for a massive move as it approached a key resistance zone between the $660 and $680 levels. According to the post, the cryptocurrency is facing “multiple technical hurdles” within this zone, including the 200, 100, and 50 Simple Moving Average (SMA), the 0.382 Fibonacci retracement, the TD Sequential resistance trendline, and the TD Sequential risk line. The analyst stated that breaking through these levels could “signal the next major move.” Meanwhile, analyst Elja Boom suggested that BNB could be about to follow its 2021 playbook. Related Reading: Ethereum Holds ‘Bounce Or Die’ Level: Rebound To $4,000 Could Be Near The analyst highlighted that the cryptocurrency is following the same breakout structure and trajectory as four years ago, which could indicate a potential surge to new highs is around the corner. BNB is attempting to reclaim its monthly opening level and retest the $700 barrier. A surge above this level could send the cryptocurrency to its two-month downtrend line and “push for the bullish reversal once again.” As of this writing, BNB is trading at $687, surging 7.2% and 21% in the daily and weekly timeframes. Featured Image from Unsplash.com, Chart from TradingView.com
BNB price is recovering losses from the $540 support zone. The price is rising and might aim for a fresh move toward the $635 resistance. BNB price is struggling to clear the $585 resistance zone. The price is now trading near $580 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $578 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $560 level to start another increase in the near term. BNB Price Eyes Fresh Surge After a decent increase, BNB price struggled to settle above the $620 level. It started a pullback from the $619 high, like Ethereum and Bitcoin. There was a drop below the $600 support zone. The price even dived below the $580 level. A low was formed at $559 and the price recently started a decent recovery wave. There was a move above the $570 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $619 swing high to the $559 low. There was a break above a key bearish trend line with resistance at $578 on the hourly chart of the BNB/USD pair. The price is now trading near $580 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $590 level or the 50% Fib retracement level of the downward move from the $619 swing high to the $559 low. The next resistance sits near the $595 level. A clear move above the $595 zone could send the price higher. In the stated case, BNB price could test $605. A close above the $605 resistance might set the pace for a larger move toward the $620 resistance. Any more gains might call for a test of the $632 level in the near term. Another Decline? If BNB fails to clear the $590 resistance, it could start another decline. Initial support on the downside is near the $570 level. The next major support is near the $560 level. The main support sits at $540. If there is a downside break below the $540 support, the price could drop toward the $532 support. Any more losses could initiate a larger decline toward the $510 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $560 and $540. Major Resistance Levels – $590 and $605.
BNB has bounced off the crucial $500 support level, sparking speculation about whether this marks the beginning of a bullish resurgence or a temporary relief before another downturn. After facing sustained selling pressure, buyers have stepped in to defend this key level, fueling hopes for a potential recovery. However, with resistance levels still looming, the true strength of this rebound remains uncertain. Market sentiment remains uncertain as bulls attempt to regain control while bears stay cautious. BNB’s next move hinges on breaking key resistance levels and sustaining higher prices. A successful breakout could confirm a bullish continuation, while fading momentum may lead to another rejection and a retest of lower support zones. Technical indicators such as RSI and moving averages will play a crucial role in determining the next move. Bulls may have the upper hand if the RSI trends upward and key levels are reclaimed. On the other hand, if bearish pressure resurfaces, the possibility of further downside cannot be ignored. Analyzing The Buying Pressure On Price Currently, BNB is displaying strong upside movements as it moves toward the $605 resistance level. The coin has been steadily climbing, indicating buyers are regaining control and pushing its price higher. This move comes after a successful rebound from the key $500 support level, which has sparked renewed optimism among traders. Related Reading: BNB Price Poised for Gains: Bulls Push for New Highs Despite the ongoing bullish momentum, the price’s position under the 100-day SMA signals that BNB has not yet fully regained a strong positive trend in the longer term. It could also indicate that there is still some selling pressure from bears that might prevent the price from maintaining a steady rise. If BNB continues to trade below this key moving average, it could have difficulty sustaining its current upbeat momentum. The longer it remains below the SMA, the greater the risk of a reversal or consolidation. Additionally, the RSI (Relative Strength Index) indicator remains in the oversold territory, showing no immediate signs of moving back toward neutral or the overbought zone. An RSI reading below 30% typically implies that the asset is oversold, and there may be more downside potential or a need for price correction. However, the RSI’s failure to exit the oversold zone suggests that the market is still under strain, with bearish pressure possibly outweighing bullish pressure. For the bulls to take control and push BNB higher, the RSI would need to gradually move back above the 30-50% range, triggering a shift toward more balanced market conditions. Is BNB Ready For A Breakout Or Heading For Another Decline? In conclusion, BNB’s current upward movement is an encouraging sign for the bulls, but the real test lies at the $605 resistance level. Should bulls succeed in pushing the price above this level, a stronger rally may follow, resulting in the cryptocurrency testing other resistance levels such as $680 and $724. Related Reading: BNB Price Bounces Back Strongly: Is The Rally Sustainable? Nevertheless, failure to clear the $605 zone might lead to a consolidation phase or possible pullback to the $531 and $500 support levels. Traders will need to closely monitor market conditions and technical indicators to gauge whether the current bullish sentiment can be sustained. Featured image from Shutterstock, chart from Tradingview.com
BNB price is recovering losses from the $635 support zone. The price is rising and might aim for a fresh move toward the $700 resistance. BNB price is struggling to clear the $685 resistance zone. The price is now trading above $675 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $674 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $668 level to start another increase in the near term. BNB Price Eyes Comeback After a decent increase, BNB price struggled to settle above the $700 level. It started a pullback from the $691 high, like Ethereum and Bitcoin. There was drop below the $685 support zone. The price even dived below the $650 level. A low was formed at $637 and the price recently started a strong rebound. There was a move above the $650 level. The price climbed above the 50% Fib retracement level of the downward move from the $691 swing high to the $637 low. There was a break above a key bearish trend line with resistance at $674 on the hourly chart of the BNB/USD pair. The price is now trading above $675 and the 100-hourly simple moving average. It is also above the 76.4% Fib retracement level of the downward move from the $691 swing high to the $637 low. If there is a fresh increase, the price could face resistance near the $685 level. The next resistance sits near the $692 level. A clear move above the $692 zone could send the price higher. In the stated case, BNB price could test $700. A close above the $700 resistance might set the pace for a larger move toward the $720 resistance. Any more gains might call for a test of the $732 level in the near term. Another Decline? If BNB fails to clear the $685 resistance, it could start another decline. Initial support on the downside is near the $675 level. The next major support is near the $668 level. The main support sits at $655. If there is a downside break below the $655 support, the price could drop toward the $635 support. Any more losses could initiate a larger decline toward the $620 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $675 and $668. Major Resistance Levels – $685 and $692.
BNB price is consolidating near the $700 support zone. The price is showing a few bearish signs but the bulls might remain active near the $672 support. BNB price is struggling to clear the $720 resistance zone. The price is now trading below $700 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $696 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $672 level to start another increase in the near term. BNB Price Holds Support After a decent increase, BNB price struggled to settle above the $705 level. It started a pullback from the $703 high, like Ethereum and Bitcoin. There was drop below the $695 support zone. Besides, there was a break below a key bullish trend line with support at $696 on the hourly chart of the BNB/USD pair. The pair seems to be now approaching the 50% Fib retracement level of the upward move from the $664 swing low to the $703 high. The price is now trading below $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $692 level. The next resistance sits near the $696 level. A clear move above the $696 zone could send the price higher. In the stated case, BNB price could test $700. A close above the $700 resistance might set the pace for a larger move toward the $720 resistance. Any more gains might call for a test of the $732 level in the near term. More Losses? If BNB fails to clear the $696 resistance, it could start another decline. Initial support on the downside is near the $685 level. The next major support is near the $680 level. The main support sits at $672 or the 76.4% Fib retracement level of the upward move from the $664 swing low to the $703 high. If there is a downside break below the $692 support, the price could drop toward the $685 support. Any more losses could initiate a larger decline toward the $675 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $685 and $672. Major Resistance Levels – $696 and $700.
BNB price is consolidating above the $700 support zone. The price is consolidating and might aim for a fresh increase above the $720 resistance. BNB price is struggling to clear the $720 resistance zone. The price is now trading above $700 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $708 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $700 level to start another increase in the near term. BNB Price Aims Higher After a downside correction, BNB price found support at $690. It is now recovering losses like Ethereum and Bitcoin. There was a move above the $700 level. The bulls were able to push the price above the $712 resistance. However, the bears are active near the $720 zone. A high was formed at $717 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $689 swing low to the $717 high. The price is now trading above $700 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support at $708 on the hourly chart of the BNB/USD pair. If there is a fresh increase, the price could face resistance near the $718 level. The next resistance sits near the $720 level. A clear move above the $720 zone could send the price higher. In the stated case, BNB price could test $732. A close above the $732 resistance might set the pace for a larger move toward the $740 resistance. Any more gains might call for a test of the $750 level in the near term. Another Dip? If BNB fails to clear the $720 resistance, it could start another decline. Initial support on the downside is near the $708 level and the trend line. The next major support is near the $703 level. The main support sits at $700 or the 61.8% Fib retracement level of the upward move from the $689 swing low to the $717 high. If there is a downside break below the $700 support, the price could drop toward the $692 support. Any more losses could initiate a larger decline toward the $685 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $708 and $700. Major Resistance Levels – $720 and $732.
BNB price is consolidating above the $675 support zone. The price is consolidating and might aim for a fresh increase above the $700 resistance. BNB price is struggling to settle above the $700 pivot zone. The price is now trading below $700 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $695 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $680 level to start another increase in the near term. BNB Price Holds Support After a downside correction, BNB price found support at $675. It is now recovering losses like Ethereum and Bitcoin. There was a move above the $685 level. The price was able to recover above the 23.6% Fib retracement level of the downward move from the $745 swing high to the $674 low. There was also a break above a connecting bearish trend line with resistance at $695 on the hourly chart of the BNB/USD pair. The price is now trading below $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $700 level. The next resistance sits near the $710 level or the 50% Fib retracement level of the downward move from the $745 swing high to the $674 low. A clear move above the $710 zone could send the price higher. In the stated case, BNB price could test $725. A close above the $725 resistance might set the pace for a larger move toward the $740 resistance. Any more gains might call for a test of the $750 level in the near term. Another Dip? If BNB fails to clear the $710 resistance, it could start another decline. Initial support on the downside is near the $685 level. The next major support is near the $675 level. The main support sits at $650. If there is a downside break below the $650 support, the price could drop toward the $642 support. Any more losses could initiate a larger decline toward the $625 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $685 and $675. Major Resistance Levels – $700 and $710.
BNB price is consolidating above the $620 support zone. The price is consolidating and might aim for a fresh increase above the $675 resistance. BNB price is struggling to settle above the $700 pivot zone. The price is now trading below $680 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $675 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $640 level to start another increase in the near term. BNB Price Holds Support After a downside correction, BNB price found support at $620. It is now recovering losses like Ethereum and Bitcoin. There was a move above the $675 level before the bears appeared at $695. There was a move below the $680 and $675 levels. The price declined below the 50% Fib retracement level of the recovery wave from the $619 swing low to the $693 high. There is also a key bearish trend line forming with resistance at $675 on the hourly chart of the BNB/USD pair. The price is now trading below $675 and the 100-hourly simple moving average. However, the bulls are now active near the 76.4% Fib retracement level of the recovery wave from the $619 swing low to the $693 high. If there is a fresh increase, the price could face resistance near the $675 level and the trend line. The next resistance sits near the $692 level. A clear move above the $692 zone could send the price higher. In the stated case, BNB price could test $705. A close above the $705 resistance might set the pace for a larger move toward the $720 resistance. Any more gains might call for a test of the $735 level in the near term. Another Dip? If BNB fails to clear the $675 resistance, it could start another decline. Initial support on the downside is near the $640 level. The next major support is near the $625 level. The main support sits at $620. If there is a downside break below the $620 support, the price could drop toward the $612 support. Any more losses could initiate a larger decline toward the $600 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $640 and $620. Major Resistance Levels – $675 and $692.
BNB price is gaining pace above the $700 zone. The price is showing positive signs and might aim for a move above the $735 resistance. BNB price started a fresh increase from the $650 support zone. The price is now trading above $700 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $705 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $700 level to start another increase in the near term. BNB Price Starts Fresh Increase After a close above the $675 level, BNB price started a fresh increase, like Ethereum and Bitcoin. The bulls were able to pump the price above the $680 and $700 resistance levels. There was a break above a key bearish trend line with resistance at $705 on the hourly chart of the BNB/USD pair. The pair surpassed the 50% Fib retracement level of the downward move from the $761 swing high to the $650 low. The price is now trading above $700 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $720 level. It is close to the 61.8% Fib retracement level of the downward move from the $761 swing high to the $650 low. The next resistance sits near the $735 level. A clear move above the $735 zone could send the price higher. In the stated case, BNB price could test $750. A close above the $750 resistance might set the pace for a larger move toward the $762 resistance. Any more gains might call for a test of the $800 level in the near term. Another Dip? If BNB fails to clear the $735 resistance, it could start another decline. Initial support on the downside is near the $705 level. The next major support is near the $700 level. The main support sits at $675. If there is a downside break below the $675 support, the price could drop toward the $662 support. Any more losses could initiate a larger decline toward the $650 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $705 and $700. Major Resistance Levels – $735 and $750.