Analysis of Binance Coin price for today (January 5, 2025)

The current price of Binance Coin ($BNB ) is $705.13, the price has decreased by -0.88% in the last 24 hours. BNB is currently available on 21 exchanges, and in the last 24 hours, 807,844 BNB coins have been exchanged, amounting to $569,638,374 in trading volume.$SUI $PEPE

Today, Binance Coin (BNB) opened at $713.37. It has decreased by -1.15% from the opening price. Despite rallying to $713.65, Binance Coin (BNB) faced resistance and failed to maintain momentum for further movement. From the maximum price over the last 30 and 7 days, its value has decreased by -7.25% and -2.57%, while from the minimum recorded price over the same period, it has increased by 13.70% and 2.40%.

According to our analysis, BNB needs to stay above $685.15 to potentially move towards the first key resistance level at $720.01. A breakout above $720.01 could lead to an increase in BNB to the next resistance level at $760.25.

If the price drops, the first support level to watch is $685.15. If this level does not hold, further decline to the next support level of $659.67#BinanceAlphaAlert #Binance250Million may occur.