BNB Surges Above $630 – What’s Next for Binance Coin?
Binance Coin (BNB) has shown a strong bullish reversal, surging 5.32% in the last 24 hours and currently trading at $634.23. With increasing volume and a bullish MACD crossover, traders are now eyeing key resistance levels for a potential breakout.
Key Technical Levels
- Resistance: $650 – $680
- Support: $600 – $580
BNB has successfully held above the $600 support level, indicating strong buyer interest. The next hurdle is breaking past $650, which could open the door for a rally toward $680+.
Volume Analysis
- 24H volume: 301.49M
- Increasing buy volume suggests strong accumulation.
A rise in volume alongside price action is a bullish confirmation, meaning buyers are stepping in aggressively.
MACD Signals Bullish Reversal
The MACD indicator has confirmed a bullish crossover:
- MACD Line: 7.50
- Signal Line: -7.15
A positive MACD crossover historically indicates potential upside momentum. If buyers continue to push, BNB could test $650+ in the short term.
Potential Scenarios
✅ Bullish Breakout: If BNB breaks $650 and holds, the next target is $680–$700.
⚠️ Bearish Rejection: If BNB fails to break $650, a pullback toward $600–$580 is likely.
Final Thoughts
BNB’s price action and technical indicators suggest bullish momentum, but breaking $650 is crucial for further gains. If momentum sustains, a rally toward $700+ is on the table.