bullish

Bitcoin

would

Coin

<ul class="wp-block-list"> 
 <li><strong>Binance Coin (BNB) struggles to break $645 resistance despite a 3% daily gain.</strong></li> 
 <li><strong>The RSI at 65.03 and the MACD above the signal line suggest strong buying momentum.</strong></li> 
</ul> 
<p>Binance Coin (BNB) is battling a <a href="https://thenewscrypto.com/bnb-eyes-800-as-bullish-patterns-emerge-will-the-rally-continue/" target="_blank" rel="noreferrer noopener">key resistance</a> level at $640, showing signs of a potential breakout despite recent market fluctuations. Over the past 24 hours, BNB has climbed by 3%, sparking discussions about whether it can sustain this upward momentum or face another correction.</p> 
<p>Currently, BNB is trading around $642, marking its highest price since February 24. The token recorded an intraday high of $644.87. BNB has gained strength following a significant <a href="https://thenewscrypto.com/binance-coin-bnb-faces-resistance-at-640-will-bsc-growth-trigger-a-breakout/" target="_blank" rel="noreferrer noopener">25% dip</a> between mid-February and March, indicating that it may have moved past its corrective phase. Trading volume has also surged by 50% to $2.04 billion, reflecting increased market activity.</p> 
<p>BNB’s price rally follows the global market recovery, which has seen several altcoins bounce back from their monthly lows with Bitcoin (BTC) soared to $87K. However, a technical analysis of BNB shows deeper insights into Binance Coin’s performance and short-term potential.</p> 
<h3 class="wp-block-heading" id="h-bnb-s-24-h-technical-outlook-bullish-or-bearish">BNB’s 24-H Technical Outlook: Bullish or Bearish?</h3> 
<p>From a technical perspective, on the daily chart, BNB is forming a V-shaped recovery, signaling a <a href="https://thenewscrypto.com/binance-coin-bnb-price-prediction/" target="_blank" rel="noreferrer noopener">strong rebound</a> from previous lows. The token has surpassed the $607 support level, reinforcing the uptrend. The Relative Strength Index (RSI) is currently at 65.03 on the 4-hour chart, suggesting bullish momentum without being overbought.&nbsp;</p> 
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<p>Additionally, the MACD indicator remains above the signal line, further supporting the possibility of continued price growth. Furthermore, the Supertrend indicator displays a green line beneath the price, signaling strong support and a potential for further upward movement.</p> 
<p>If BNB maintains this momentum, it could break past $670 and push toward $700 or even $750 in an extended rally. However, if the price fails to hold above the current trendline, it may drop to $585, with a potential further decline to $555, which would invalidate the bullish outlook.</p>

BNB Price Analysis: Can It Hold the Uptrend to $700?

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TheNewsCrypto

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