TLDR
- BNB recovered strongly from $635 support level and trades above $675, showing market resilience
- Technical analysis reveals a cup-and-handle pattern pointing to a $1,147 target
- CZ highlighted that BNB holders of 4+ years have historically seen positive returns
- Multiple support levels exist at $668 and $655, with resistance at $685 and $692
- Trading volume shows active market participation with formation of higher lows
Binance Coin (BNB) has demonstrated strong recovery momentum after finding solid support at the $635 level, with current trading activity showing sustained buying pressure above $675. The price movement comes as technical indicators align to suggest potential upward momentum.
The cryptocurrency, which serves as the native token of the Binance ecosystem, recently broke above a bearish trend line at $674 on the hourly chart. This breakthrough occurred following a pullback from $691, mirroring similar price actions observed across the broader cryptocurrency market.
Trading data reveals BNB’s position above both the $675 price point and the 100-hourly simple moving average, typically considered important technical benchmarks. The price structure shows the formation of higher lows, suggesting growing buying pressure at current levels.
Market participants have identified immediate resistance near $685, with another key barrier at $692. A clear break above these levels could open the path toward testing the $700 mark, which represents a major psychological level for traders and investors.
Technical indicators provide additional context for the recent price movement. The hourly MACD shows increasing momentum in the bullish zone, while the RSI maintains its position above the 50 level, suggesting healthy buying activity at current prices.
The price action has established multiple support levels that may protect against downward movements. Initial support rests at $675, backed by stronger support at $668. Should these levels fail to hold, the next major support zone appears at $655, based on previous trading patterns.
Binance founder Changpeng Zhao recently commented on BNB’s performance, noting that investors holding the token for more than four years have historically seen positive returns. However, he maintained a balanced perspective by reminding investors that past performance does not guarantee future results.

A notable technical development has emerged in the form of a cup-and-handle pattern on BNB’s chart. This formation, which began taking shape in 2021 and completed its handle formation in late 2024, suggests potential for upward movement with a technical target of $1,147.
Recent market data places BNB at $652.76, showing a 2% decline in recent trading sessions. The price continues to test the $661 support level, which previously served as a resistance point before the latest price movement.
Analysis of the price structure reveals the completion of a 76.4% Fibonacci retracement level of the downward move from $691 to $637. This technical indicator suggests strong buying pressure during the recovery phase, as traders look for confirmation of the upward trend.
Volume patterns indicate active market participation at current levels, with clear interest shown at both support and resistance zones. This creates defined price levels for traders to monitor and base their decisions on.
The most recent trading sessions have exhibited increased volatility near the $675 level, as market participants contest this important price point. Volume patterns continue to provide context for price movements and potential trend directions.
Trading activity has occurred against the backdrop of broader market movements, with Bitcoin trading below $100,000 and other major cryptocurrencies showing similar patterns of price volatility.
BNB’s price structure maintains its position above key moving averages, suggesting sustained buying interest despite recent market fluctuations. The token continues to find support at established technical levels.
The most recent data shows BNB trading volumes increasing at current levels, with active participation from both buyers and sellers as the price tests established support and resistance zones.
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