Driven by a tug-of-war between bulls and bears, the BNB price has been fluctuating in recent weeks with a small rise of over 2% just last week. This consolidation observed between $695 and $585 points to the fact that a breakout could be imminent for the BNB price.
Reflecting increasing investor confidence and a good attitude in the community, BNB ($BNB) has increased more than 5% over the previous month. Though it is about 13% below its all-time high (ATH) attained in June 2024, many analysts believe BNB (BNB) may soon break this record and set a new ATH within the next few weeks.
With indicators like the MACD and Moving Averages displaying great positive momentum on the BNB price chart, the altcoin’s technical future is equally bright. These technical signals together with the ongoing consolidation observed on the BNB price chart point to the increasing chance for a bullish breakout shortly.
