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Amid the performance of the market, BNB tries to restore $ 650. Some analysts believe that the penetration towards a $ 700 barrier may happen after that, which may lead to a greater transition to higher levels.
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BNB Breakout to re -test 700 dollars
On Friday, BNB fell to the support of $ 640 after failing to keep the local price zone. The cryptocurrency was traded within the price range from 630 to 690 dollars after restoring the $ 600 barrier last month.
During the May period, BNB is close to the decisive resistance level of $ 700, reaching the highest level in four months at $ 697. This main level paid the ALTCOIN price towards an altitude of $ 788 ever (ATH) after it was broken in late 2024 and lost during early 2025.
Now, the cryptocurrency is looking to restore this area as support to continue the price recovery. Analyst Karl Ronville indicated from the moon that BNB displays a single -month descending triangle style on the daily time frame, with the price pressure between support and resistance levels.
According to the graph, training support is located around the level of $ 635, while the aforementioned resistance is located around the region of $ 650. To Runefelt, the upscale collapse of this distinctive symbol can push 10 % to the resistance of $ 700.
It is worth noting that restoring and confirming this main area as support can also send the BNB price to the other decisive horizontal level.
Crypto Batman analyst recently High The BNB creates a multi -monthly ascending triangle, a “strong contract” near the upward trend line after continuing to bounce from the support zone from 635 to $ 640.
To the market observer, “Even with uncertainty in the market, the BNB structure is clean after respecting the direction line and bounce big support, and now looks forward to the outbreak of more than $ 700,” which can be part of the larger move towards the level of $ 800.
Is the transition to 800 dollars coming?
Crypto Batman also pointed out that the cryptocurrency can follow the same price as last year. He stressed that the price of Altcoin “loves to test the key areas before taking off,” adding that it offers the same basic model as happened in Q3 2024.
Last year, the distinctive symbol formed a three -month base around an area of $ 460 to $ 470, which led to an “explosive” operation in the next few months. This year, BNB has formed a similar base near the level of $ 550, and it “shows strength again.”
For the analyst, “If the pattern is repeated, then patience will give us profits.” In addition, it is Duplicate From this despite the redemption of early April, the BNB kept the macro collection, trading over its lowest levels and supported by multiple times.
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The cryptocurrency is now uniformous near the central region, which can push the price to re -test the highest levels in the total range on the mark of $ 729. He explained that “if we see an outbreak over the resistance of 729 dollars, the path may be opened towards a 50 % transition to the upper direction.”
The analyst confirmed that the BNB structure is still ascending as long as the cryptocurrency maintains 490-500 dollars, adding that the $ 600 sign is also strong support.
As of the writing of these lines, BNB is trading at $ 641, a 2.9 % decrease in the weekly time frame.
Distinctive photo of Unsplash.com, Chart from Tradingview.com
The post BNB Price Breakout Could Trigger ATH Rally Repeat – $730 Next? first appeared on Investorempires.com.
