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BNB Price Recovery: Can It Surge Back to $720?
BNB's price is currently stabilizing above the $675 support level, indicating a potential recovery. The market shows signs of consolidation, suggesting that a renewed push above the $700 resistance level may be on the horizon.
BNB Price Faces Challenges at $700 The BNB price is encountering difficulty in establishing a firm position above the pivotal $700 mark. Presently, it trades below $700 and the 100-hour simple moving average. Notably, there was a breach above a bearish trend line with resistance around $695 on the hourly chart of the BNB/USD pair (data sourced from Binance). For a significant upward movement, the pair must maintain a position above the $680 level.
BNB Price Support Levels Following a corrective dip, BNB found support at $675 and has begun to recover, akin to Ethereum and Bitcoin. The price has surpassed the $685 level and reclaimed the 23.6% Fib retracement level from the $745 swing high to the $674 low. Additionally, it broke through a connecting bearish trend line with resistance near $695 on the hourly chart.
Currently, BNB is trading below the $700 mark and the 100-hour simple moving average. If an upward trend continues, the price could encounter resistance near $700, with further resistance anticipated around $710 or the 50% Fib retracement level from the $745 swing high to the $674 low.
Potential Upside for BNB A decisive move past the $710 resistance could propel BNB higher, potentially testing the $725 mark. If BNB manages to close above $725, it might pave the way for a climb toward the $740 resistance. Additional gains could push the price to test the $750 level in the near term.
Risks of Another Decline Should BNB fail to break past the $710 resistance, a downward trend might resume. Immediate support lies near $685, followed by a significant support level at $675. The critical support area is at $650, and a break below this could drive the price down toward $642. Further losses may lead to a dip to $625.
Technical Indicators
Hourly MACD: The MACD for BNB/USD is losing momentum in the bearish zone.
Hourly RSI: The RSI for BNB/USD is currently above the 50 mark.
Key Support Levels: $685, $675
Key Resistance Levels: $700, $710

Predicting the exact price of BNB (Binance Coin) in 2025 is speculative, as it depends on various factors such as:

Market Trends: The broader cryptocurrency market's overall health and adoption will play a significant role. If Bitcoin, Ethereum, and other major coins experience strong growth, it could positively impact BNB's price as well.Regulatory Developments: Binance, the exchange behind BNB, faces ongoing regulatory challenges in multiple countries. The outcome of these could either strengthen or weaken investor confidence in BNB.Binance's Success: The growth of the Binance exchange, as well as the continued adoption of Binance Smart Chain (BSC), could contribute to a strong demand for BNB, potentially increasing its price.Adoption of BNB: If Binance continues to expand its ecosystem and use cases for BNB (e.g., staking, DeFi, NFT platforms), this could drive demand and support higher prices.Given these uncertainties, some analysts suggest that BNB could range anywhere from $200 to $600 or more by 2025, assuming positive developments. However, price predictions in crypto are highly speculative, and significant volatility can cause fluctuations in either direction.

Always consider doing your own research or consulting with a financial advisor before making investment decisions.$BNB

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The BNB market is preparing for a key event: the quarterly token burn, which will take place in July. Binance plans to burn more than 1.6 million BNB, valued at almost $1 billion. This will be the 28th quarterly burn of the cryptocurrency. Although the exact date has not yet been confirmed, it generally occurs in the month following the close of the quarter. Previous burns were in April, January, October and July, with quantities of tokens removed ranging between 1.9 and 2.1 million.

Periodic BNB burns are important because they reduce the supply of tokens in circulation, which can increase their price if demand remains or grows. In addition to quarterly burns, BNB has an additional system that burns a portion of gas fees on each block on its network, BNB Chain. So far, 54.4 million BNB have been burned, with 147.5 million in circulation. BNB is currently trading around $570, 20% below its recent all-time high. Binance's continued momentum and regulatory adoption may continue to benefit BNB's value in the future.
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$BNB

BNB Accumulates, but the $1,000 Target Is in Sight
Binance Coin (BNB) has been trading sideways for the past four days. Currently, the price is hovering below the key Exponential Moving Average (EMA). However, according to analysts and on-chain metrics, the price could surpass the $1,000 mark.
Analyst Predicts Significant BNB Growth
According to an analyst from Rose Premium Signals, BNB recently broke out of a falling wedge, which could signal a temporary pullback before a substantial rally. The analyst predicts the price could reach $1,048.
Based on the weekly chart, BNB may first face resistance at the psychological level of $660. If trading volumes continue to decline, there’s a possibility of a drop to $508 in the mid-term.
On the upside, if BNB recovers quickly, it could continue climbing toward key levels at $743, $903, and finally $1,048. However, if the price falls below $436, the analyst's prediction would be invalidated.
Calculating the Target Price in a Falling Wedge
To determine the target price in a wedge pattern, the following steps are taken:
Identify the wedge pattern on the price chart.Calculate the height of the wedge, the vertical distance between the highest and lowest points.Determine the breakout point on the wedge.Apply the wedge height from the breakout point to estimate the target price.

Current market conditions require stable trading volumes to sustain the bullish scenario.
Long/Short Metrics Indicate a Bullish Trend
The Long/Short Ratio, which measures the ratio of open long positions to short positions, reflects market sentiment. A value above 1 indicates a bullish trend, while a value below 1 signals a bearish market.
According to data from Coinanalyze, BNB’s 24-hour Long/Short Ratio stands at 3.3, reflecting investor optimism and the potential for price growth.

Summary: Key Levels for BNB
BNB’s price is currently at a critical inflection point after four days of accumulation. A breakdown below $640 could lead to a drop to $508, while a breakout from current levels could deliver a 40% gain, pushing the price to $1,048.
Declining trading volumes, however, signal caution. Traders should set clear targets and use stop-loss orders to minimize risks associated with market volatility. These measures can help navigate future market movements with reduced exposure to risk.

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“