BNB is currently trading at $693.26, reflecting a 0.5% gain in the last 24 hours. Its trading volume hit $2.31 billion, marking a 47.08% increase. Over the past week, BNB has climbed by 5.35%, a sign of sustained interest from both institutional and retail investors. The momentum is catching fire, with speculators eyeing the $700 threshold with sharp anticipation.
Technical indicators show BNB has broken out of a falling wedge pattern. It also surged past the 200-day Simple Moving Average (SMA) set at $642. This bullish shift suggests strength in short- and medium-term trends. With RSI levels now marked as “overbought,” analysts warn of a possible short pause or an explosive breakout.
BNB shows strong upward trend
Crypto analyst CoinCodeCap Trading has labeled BNB’s trajectory as “Strong Up.” Their chart shows resistance now looming at $700. If BNB clears this, the next targets range between $750 and $800. Support remains solid between $620 and $550, providing a cushion if the rally stalls. Investors are weighing these levels closely as volatility creeps in.
The psychological resistance line of $700 is about far more than a price. It is about revived investor sentiment after months of sideways. Since trading volume is on the rise, some expect whales to test the ceiling in the not-too-distant future. Others advise patience, since good RSI figures usually lead to small retracements.
BNB may break previous all-time high soon
DigitalCoinPrice paints an optimistic future. Their data shows BNB may break its all-time high of $793.35 and push toward $1,518.62 by year-end. They point to early January when BNB touched $744.40 before dipping below $644.33. For bullish traders, the roadmap is clear, accumulation now, profits later.
Changelly’s forecast is less bullish. The experts anticipate the price of BNB to be averaging at $676.31 within the current year, July’s range valued between $610.33 and $676.31. They estimate a rough ROI of -3.7% and assert price correction remains a risk. The disparity in forecasts keeps the market in their toes, as each and every candle is monitored closely by traders.
