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In the midst of market performance, BNB tries to reclaim the level of $ 650. Some analysts believe that an outbreak to the barrier of $ 700 could occur, which can lead to a greater move to new highlights.
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BNB Breakout to test $ 700 again
On Friday, BNB fell to the support of $ 640 after he had not retained the central zone of his local price range. The Cryptocurrency worked within the price range of $ 630- $ 690 after the recovery of the $ 600 barrier last month.
During the expansion of May, BNB approached the crucial resistance level of $ 700, and reached a highest point in four months of $ 697. This key level pushed the price of the Alcoin to his $ 788 All-time High (ATH) after being broken after the end of 2024 and was lost during the early 2025 pullbacks.
Now the cryptocurrency sees a recovery of this area as support to continue its price repair. Analyst Carl Runefelt from the Moon shows that BNB shows a falling triangular pattern of one month on the daily period of time, in which price is compressed between the support and resistance levels.
According to the graph, the support of the formation is around the $ 635 level, while the falling resistance is around the $ 650 area. For Runefelt, a bullish breakout from this pattern can propel the token 10% to the resistance of $ 700.
In particular, recovering and confirming this key area as support could also send the price of BNB to another crucial horizontal level.
Analyst Crypto Batman recently marked That BNB is a rising triangle, “strongly holding” close to the rising trendline to continue to bounce the $ 635- $ 640 support zone.
For the Market Watcher, “Even with market uncertainty, the BNB structure is clean after respecting the trendline and bouncing great support, now a breakout above $ 700,” that can be part of a larger step to the $ 800 level.
Is a switch to $ 800?
Crypto Batman also noted that the cryptocurrency could follow the same price action as last year. He claimed that the price of the Altcoin “loves key zones before the launch”, adding that it displays the same basic form as in Q3 2024.
Last year, token formed a basis of three months around the $ 460- $ 470 area, which led to an “explosive” run in the coming months. This year BNB formed a similar base near the level of $ 550, and it shows “strength again”.
To the analyst: “If the pattern repeats itself, patience gives us a profit.” Moreover, he is pointed From the fact that despite the beginning of April, BNB had his macro assortment, lows and multi-time-tested support maintained above the range.
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The cryptocurrency now consolidates near the Middenzone, which could propel the price to a retest of the macro range heights around $ 729. He explained that “if we see an outbreak above the resistance of $ 729, the path to a 50% movement could open the advantage.”
The analyst confirmed that the structure of BNB Bullish will remain as long as the cryptocurrency contains the $ 490- $ 500 levels, and adds that the $ 600 is also a strong support.
BNB is currently being traded on $ 641, a decrease of 2.9% in the weekly period.
Featured image of unsplash.com, graph of TradingView.com