- BNB price remains in an uptrend, holding above the key $650 support level after breaking past the 200-day moving average at $645.
- Technical indicators like the MACD and RSI suggest bullish momentum is building, with room for further upside.
- Traders are closely watching the $645–$650 zone as a potential entry point, with upside targets set at $700, $750, and $800.
- Market sentiment around Binance Coin is strengthening, supported by Bitcoin’s upward movement and increasing trading volume.
Binance (BNB) is on the way to its positive trajectory and experiencing a surge in its price after a sharp bounce from the $650 support area. Now the Bitcoin is moving in an upward direction, impacting the overall market, including Binance Coin. MACD, a famous indicator, is bullish because the histogram is rising. Both traders and investors are closely watching this coin to recover the losses from recent market volatility.
At the time of writing, BNB is trading at $654.61 with a 24-hour trading volume of $1.71B and a market capitalization of $92.23B. The BNB price over the last 24 hours and over the last week is showing stability, and over the last month it is up by 1.44% and showing high potential for a fresh and new bullish journey.
Source: CoinMarketCap
BNB Price Eyes $800 After 200-Day MA Breakout
Moreover, the crypto analyst highlighted that Binance Coin (BNB) keeps showing solid strength, staying clearly in an upward trend since it climbed above the important 200-day moving average at $645. That move signalled a big technical shift, and momentum has turned bullish on the higher timeframes. Following its recent rally, BNB is gradually retracing toward the critical $650 support level, a spot traders are eyeing as a possible buy mark for the next leg up.
The latest dip fits a familiar bullish setup in which old resistance now acts as new support. The $650 floor is backed by the 200-day moving average, and a lower support forms around $620. On the upside, overhead resistance sits at $700, a round number that traders watch closely; if momentum picks up, targets stretch toward $750 and $800.
Source: X
Looking at trends and momentum, the medium and long horizons still point up, though short-term signals hint at a brief sideways pause. The MACD has crossed down, yet an upward histogram shows sellers are fading fast. At the same time, the RSI sits in the middle, leaving BNB plenty of space to climb before it hits overbought.
Many traders are now watching the $645 to $650 range for a possible swing-entry spot, planning a stop loss just under $580 and setting profit goals around $700 and $800. Since bulls have started stepping in with each dip, this period of sideways action might act like a springboard for the next big move. If the price decisively clears $700, new buyers could flood in, positioning BNB as one of the most closely watched altcoins in the coming weeks.
Related Reading: XRP Aims for $4.80 Breakout With $8 Target in Sight After Latest Surge
