BNB Price Indicates Potential Surge to $800


BNB surged above both the $650 and $700 levels. Currently, the bulls remain active above $650 and are targeting further gains above the $720 mark.

BNB price is gaining momentum above the crucial $650 resistance zone, supported by a major bullish trend line forming with a strong support level at $600 on the daily chart. The current price action signals a potential major breakout, setting the stage for a move towards the next resistance zone at $800.

BNB Price Surge and Outlook

After consolidating above the $500 level, BNB price began a notable increase, encountering resistance at $620 and $632 multiple times. Recently, bulls successfully breached the $632 resistance, buoyed by Binance’s announcement of the inaugural Binance World Championship with $4.2 million in prizes.

Source Binance: X

BNB price surged over 10% in recent sessions, surpassing the $700 resistance zone and outperforming Bitcoin and Ethereum. It stabilized above $620 and the 50-day simple moving average, reaching as high as $716 and currently consolidating gains.

BNB/USD daily chart | Source:

Centered JavaScript

Currently, BNB shows positive signs, trading above the $670 resistance and aiming for an upside break above $710 and $720. A decisive move and close above $720 could pave the way for further rallies, with the next major resistance likely near $750. A breakthrough above $750 could propel BNB towards $800, potentially extending gains to $820.

BNB Price Support and Potential Retracement

If BNB encounters resistance near the $720 zone, a price correction may occur. Immediate support levels include around $670 or the 23.6% Fibonacci retracement level from the recent upward move, spanning from the $514 swing low to the $716 high.

The first significant support level forms around the $620 pivot, with a major bullish trend line also emerging at $600 on the daily chart. The critical support rests near $600. A daily close below this trend line and $600 could escalate selling pressure.

In such a scenario, BNB price might decline and revisit the $560 support area or the 50-day simple moving average (blue). Further downside pressure could see bears targeting a test of $500.

Overall, BNB is displaying bullish momentum above the $660 and $680 levels. A breakout above the $720 resistance barrier could propel the price towards targets at $750 or potentially even $800.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.


Join Cryptos Headlines Community

Follow Cryptos Headlines on Google News


  • Salim

    "Salim is a news writer at CryptosHeadlines who creates excellent, well-optimized content to ensure user satisfaction. He is skilled in forecasting News About Cryptocurrency Market & blockchain Industry."

    View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *