BNB is trading at $772.87 after a mild 0.49% daily gain. The 24-hour trading volume dropped by nearly 20%, hitting $2.66 billion. Over the past seven days, BNB gained 1.78%, reflecting strong market confidence. But as it nears the psychological barrier of $800, some analysts are urging caution.
CoinCodeCap Trading notes that BNB recently broke out of a falling wedge, soared above its 200-day SMA, and cleared the $700 resistance. It hit a new all-time high at $804. However, technicals now suggest the coin is overbought. RSI is sitting above 80 — a red flag. The MACD histogram is declining, hinting at slowing momentum.
RSI and MACD Signal Trader Caution
The current resistance sits right at $800. BNB may need to cool down before another leg up. If the price fails to break past this mark convincingly, a pullback toward $700—or even $620—is likely. This could be a healthy dip before another push higher. Traders watching RSI and MACD are cautious.
Irrespective of this potential pause, the overall trend remains bullish across all timeframes. There is strength emerging for this coin. Long-term holders can regard any drop as an opportunity to purchase. So long as BNB holds stronger than the $700 support line, sentiment remains positive. Trends are your friend—unless they are not.
BNB Price Surge Expected in 2025
According to DigitalCoinPrice, BNB could be crossing into historical ground. Following a decline to $644.33 in early 2025, it took a leap to $744.40. According to analysts, it could reach a high of $1,693.05 until the end of this year. BNB is projected to cross its earlier ATH of $809.31 and stay between $1,603.01 and $1,693.05.
The more low-key strategy comes from Changelly. Their prediction for 2025 involves an average of $676.31 for BNB, with a possible decline to $574.03. For their prediction of July 2025, there isn’t much optimism since they are predicting a trading average of $633.07. A possible -15.8% ROI makes them look somewhat bearish. Only time will tell who’s right.
