- BNB is holding the $600 level solidly, signaling bullish accumulation.
- Price is now testing a resistance zone between $626–$638.
- A breakout above this range could set up a rally toward $740.
Binance Coin (BNB) has been bouncing around in a tight range lately—mostly between $500 and $630. It’s not the first time we’ve seen this setup either. Back in 2022–2023, BNB did the same dance, consolidating for a bit before it blasted off into a pretty wild uptrend. And now? Well, it might just be getting ready for another big move.
At the time of writing, BNB is changing hands at $611.52. It’s up around 2.57% on the day, and 5.06% over the last week—not crazy numbers, but enough to make traders perk up. Volume’s sitting at $1.66 billion, and its market cap is hovering near $86.15 billion.
So yeah, it’s holding strong… and looking like it wants more.
Holding $600 Like a Champ — Now What?
Technically speaking, BNB has been clinging to that $600 level like it means business. Every dip toward that support has been scooped up by buyers, showing some pretty decent strength from the bulls.
There’s also a trendline hovering right around $620 that’s been acting like a shield against downside pressure. This combo—solid horizontal support and an upward-leaning trendline—is building a strong bullish base. But the real test? It’s coming up fast.
BNB is now poking at a key resistance zone between $626 and $638. This zone lines up with the 50% Fibonacci retracement of its last move (from $661 to $616). That’s a level where price usually either flips or flies.
If BNB Breaks Out, $740 Might Be the Next Stop
Here’s the kicker—if BNB manages to bust through that resistance and break out above the descending trendline that’s been keeping it in check, we might be looking at the start of something bigger.
A breakout would signal that BNB’s structure is flipping bullish in a big way. And if the momentum holds? Then the next major upside target is somewhere around $740—a level that’s been sticky in the past.
