Journalist
Posted:
- BNB rebounds a four -month lower while the freshness of the momentum.
- But is it enough to recover its place in the top 5?
Binance Coin (BNB) dropped by 13% in less than a month after peaking in a market capitalization of $ 100 billion, allowing Solana (soil) to take its place.
Now, it is up to just 10% of its opening price of the ballot day, with large gains already made. Does this mark the start of a new bull cycle, with new capital flowing in Altcoin?
The start of the end, or the beginning of something bigger?
Barely a week ago, BNB crashed at $ 500, marking its strongest drop in months and annihilating its post-electoral overvoltage at $ 793. But in a rapid turnaround, Altcoin rebounded 30% in just a week.
Source: tradingView (BNB / USDT)
With the RSI pointing towards the increase and a MacD crossover teasing a bullish break, BNB has recovered a large part of its lost land – its market capitalization exceeding $ 90 billion after having briefly dropped below $ 75 billion.
At this rate, BNB could soon recover its place among the first five, joining the club of $ 100 billion by falling Solana.
But with the volume of burst in a burst of 76% in a single session, does this rally overheat? Maybe it’s too much, too early? Or is it just the beginning of something bigger – what makes the ideal time to buy the “dip”?
Key levels key to monitoring
With Momentum Building, the next big BNB test is $ 650 – the break above and $ 700 could be at hand. But if $ 620 does not hold, a drop to $ 560, a solid support area, could be on the table.
Which scenario is most likely?
The last tip of volume and a BNB / BTC green pair suggest that buyers intervene, the rotating capital of Bitcoin (BTC) in Binance Coin – a bull panel, in particular with the domination of stable bitcoin.
Source: Santiment
Read the Prix Price of Binance Coin (BNB) 2024-2025
Given this configuration, a target of $ 650 does not seem far away, but overheating could block the rally. If the momentum is too hot, BNB may need another “dip” before making a real push around $ 700.
Meanwhile, Sol is loud above $ 200, signaling the accumulation. With floor / BTC winning the field, it could be the key metric to keep an eye on deciding if BNB is the best bet to move forward.
