- BNB is consolidating near $625, with support at $620 and resistance up at $700
- Short-term sentiment is shaky, but long-term outlook remains bullish
- 2025 forecasts range widely, with price targets from $559 to over $1,300 depending on who you ask
Binance Coin (BNB) is holding around $624.74 as of now, notching a quiet 1.59% bump in the last 24 hours. Trading volume? About $1.77 billion — up just a hair, 0.8% or so. But zoom out a bit, and it’s clear BNB’s still got some turbulence. Over the past week, it’s dipped almost 5% from the $624 area, flirting with short-term uncertainty.
According to Coinmarketcap, the price action isn’t all gloom though. Analyst group CoinCodeCap Trading flagged the recent drop toward $620 as potentially a good entry point. This came after a rising wedge breakout — which, for chart-watchers, can signal a pullback before a bigger move up. They’re betting on a possible return toward $700, maybe even netting a 15% gain. That said, they also warn traders to keep stop losses tight around $590 — just in case things get messy.
Trend Check: Bearish Now, Bullish Later?
Looking at the momentum indicators, BNB’s stuck in neutral territory right now. The RSI isn’t screaming “buy,” but it’s not flashing red either. On shorter timeframes, the trend’s leaning bearish. Same goes for the medium term. Long term though? Still solidly bullish, suggesting that while it’s choppy now, the bigger picture remains intact.
Support seems solid at $620 and again at $550. Resistance? Sitting up at $700 and stretching toward $750. If bulls show up, they’ll need to break through those layers. If not, those support levels might get tested again soon. All in all, it’s a waiting game — with a few key numbers to watch closely.
What 2025 Might Look Like for BNB
Peeking into the future, analysts can’t seem to agree. DigitalCoinPrice is feeling bold — they’ve got BNB hitting somewhere between $1,297 and $1,370 by the end of 2025. That would blow past the old all-time high of $793. They’re thinking increased adoption could be the spark.
Changelly, on the other hand, is more cautious. Their call? BNB floats between $559 and $618 for most of 2025, with an average around $676. They predict it’ll reach $634 mid-2024 and maybe stretch to $657 by next June. Pretty flat, honestly.
One more thing to note: they’re tossing in a mild -0.6% dip prediction too, which, while minor, still suggests investors shouldn’t expect fireworks right away.
