$BNB

As of May 8, 2025, Binance Coin (BNB) is trading at $617.09, marking a 1.83% increase over the previous close. The intraday high reached $617.09, while the low was $598.33.

Recent technical analyses indicate that BNB is exhibiting strong consolidation patterns, suggesting a potential breakout. The formation of a falling wedge pattern, typically a bullish indicator, supports this outlook.

Looking ahead, price predictions for BNB in May 2025 vary. Some forecasts suggest a potential rise to $647.32, while others anticipate a more conservative average around $599.64.

Institutional interest is also on the rise, with VanEck's recent ETF filing potentially influencing BNB's market dynamics.

In summary, BNB's current market behavior, combined with technical patterns and growing institutional interest, positions it as a cryptocurrency to watch closely in the coming weeks.