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ANALYSTS EXPECT BNB TO TEST $720 SOON

Binance Coin (BNB) is trading at $703.80, posting a 1.55% increase in the past 24 hours. With strong buying pressure around $700, BNB appears primed to challenge resistance at $720, driven by increasing utility in the Binance ecosystem and rising adoption.

BNBโ€™s Outlook for Q1 2025

Analysts predict a steady rise for BNB, with a potential breakout to $750 if it breaches the $720 resistance. Continued strength in Binance Smart Chain adoption and DeFi projects contribute to the bullish sentiment.

Key Levels to Watch

Support: $700

Resistance: $720 and $750

Market Insights from Dom

Dom cautions that a failure to hold $700 could lead to a retracement to $680, but maintains that the bullish trajectory remains intact as long as the price stays above this level.

Current BNB Price: $703.80 (+1.55% in the last 24 hours)

Traders should monitor key levels and watch for volume spikes that could signal the next leg of the rally!