Binance Coin (BNB) is currently trading at approximately $678.88, reflecting a 4.41% increase over the past 24 hours. The bullish momentum is supported by increased trading activity and optimistic market sentiment surrounding Binance ecosystem developments.
In this article, we will look at BNB Next target by looking at price chart and technicals.
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BNB Next Target
- Current Price: $678.88
- 24h Price Change: +4.41%
- 24h Range: $650.20 – $678.88
- Market Cap: Approximately $95.6 billion
- 24h Trading Volume: Approximately $2.45 billion
- Circulating Supply: Approximately 140.9 million BNB
There are signs of bullish trend reversal: breakout from Channel Down pattern and above 200-day Moving Average ($636). Price could revisit $720 next for +15% potential upside.
📈 Key Technical Indicators
- Relative Strength Index (RSI): ~62 (approaching overbought)
- MACD: Bullish crossover
- Support Levels: $643.02, $635.95, $631.00
- Resistance Levels: $655.04, $659.99, $667.06
- Trend Direction: Bullish
📰 Latest Binance Coin (BNB) News Highlights
- BNB price breaks above $675, driven by rising investor interest and bullish technical signals. Analysts eye $700 as the next potential resistance.
- Binance Pizza Day celebration on May 22 boosted community engagement and trading activity, supporting positive price action.
- Binance files motion to dismiss $1.76B FTX lawsuit, stating former FTX leadership bears responsibility.
📌 Summary
BNB has shown solid strength by breaking above $675, with a bullish technical structure and favorable community sentiment. As long as support holds above $665, there’s potential for another leg up toward the $700 psychological barrier.
👉 Short-Term Forecast: Bullish
📉 Risk Factor: Medium – Market volatility and legal factors remain influential
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