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> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="474" src="https://thenewscrypto.com/wp-content/uploads/2025/03/image-63-1024x474.png" alt="" class="wp-image-132025" srcset="https://thenewscrypto.com/wp-content/uploads/2025/03/image-63-1024x474.png 1024w, https://thenewscrypto.com/wp-content/uploads/2025/03/image-63-300x139.png 300w, https://thenewscrypto.com/wp-content/uploads/2025/03/image-63-768x356.png 768w, https://thenewscrypto.com/wp-content/uploads/2025/03/image-63.png 1518w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
<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?

İçindekiler

TheNewsCrypto

25 Mar 2025 tarihli diğer yazılar

BNB Chain Introduces $100M Liquidity Support for Native Tokens Listed on Leading Exchanges

Will Bitcoin’s Recovery Shift Market Dynamics?

Can Ripple (XRP) Turn $1,000 Into $1 Million If It Matches Bitcoin’s (BTC) Market Cap?

Davinci Jeremie Urges Crypto Fans to Invest in Bitcoin Now

Polymarket Boosts User Engagement with Solana

BTFD Offers 2X Free with Code LAUNCH100—Must-Buy Cryptos as FLOKI Rises and NEIRO Endures Turbule...

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!