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In the middle of market performance, BNB tries to recover the level of $ 650. Some analysts believe that an escape to the $ 700 barrier could then occur, which could lead to a bigger step towards new heights.
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BRNB BREAKOUT for Reaster $ 700
On Friday, BNB fell to the assistance of $ 640 after failing to maintain the intermediate area of its local price range. The cryptocurrency is negotiated in the price range from $ 630 to $ 690 after its recovery from the barrier from $ 600 last month.
During the May breakup, BNB approached the crucial resistance level of $ 700, reaching a higher four months of $ 697. This key level propelled the price of Altcoin to its $ 788 top of all time (ATH) after being broken in late 2024 and was lost in early 2025.
Now, the cryptocurrency envisages a recovery of this area as a support to continue its recovery in prices. Analyst Carl Runefelt from the Moon Show noted that BNB displays a triangle motif of one month on the daily time, with a price compression between the support and the resistance levels.
According to the graph, the training support is around the level of $ 635, while the downstream resistance is around the $ 650 area. For Runefelt, a bullish escape from this model could propel the 10% token to the resistance of $ 700.
In particular, the recovery and confirmation of this key area as a support could also send the price of BNB to another crucial horizontal level.
Analyst Crypto Batman recently pointed out that BNB forms an ascending triangle of several months, “holder of a fort” near the ascending trend line after continuing to bounce back from the support area from $ 635 to $ 640.
For the market observer, “even with the uncertainty of the market, the BNB structure is clean after respecting the trend line and the rebound on major support, now looking at an escape greater than $ 700”, which could be part of a larger movement towards the level of $ 800.
Does a move to $ 800 arrive?
Crypto Batman also noted that cryptocurrency could follow the same price action as last year. He said that the price of Altcoin “likes to test key areas before takeoff”, adding that it displays the same basic form as at Q3 2024.
Last year, the token formed a three -month base around the $ 460 zone at $ 470, which led to an “explosive” race in the coming months. This year, BNB has formed a similar base near the level of $ 550, and it “shows the strength”.
For the analyst, “if the model is repeated, patience will give us profits”. In addition, he pointed out that despite the retirees in early April, BNB held its macro range, trading above the lower range and a multi-time support.
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The cryptocurrency is now consolidated near the intermediate zone, which could propel the price to a retaining of the macro range around the $ 729 bar. He explained that “if we see an escape above the resistance of $ 729, this could open the way to a movement of 50% upwards.”
The analyst said that BNB’s structure remains optimistic as long as the cryptocurrency holds the levels from $ 490 to $ 500, adding that the $ 600 bar is also solid support.
When writing these lines, BNB is traded at $ 641, a 2.9% drop in the weekly period.
Star image of Unsplash.com, tradingView.com graphic
