May 12, 2025 — 18:30 UTC
Binance Coin (BNB)$BNB
experienced significant volatility on May 12, 2025, briefly surpassing the $690 mark before retreating to a lower level later in the day. According to Binance market data, BNB reached an intraday high of $690.21, marking a 4.68% increase over a 24-hour period. However, by 18:08 UTC, the price had corrected to approximately $658.06, representing a more modest 0.93% daily gain.
Earlier in the day, BNB $BNB had also crossed the $670 threshold, generating optimism among traders and analysts who viewed the surge as a possible sign of a larger bullish trend. The coin’s rally was supported by strong trading volume and technical indicators suggesting potential institutional accumulation.
Market analysts note that the recent breakout could pave the way for BNB to test the $700 resistance level. If bullish momentum continues, some projections place the next target as high as $750.
BNB's performance comes amid broader movements in the crypto market, with many major altcoins also seeing increased activity. While the day ended with BNB showing a slightly reduced gain, investor sentiment remains largely positive.
As always, $BNB traders are advised to monitor market conditions closely and exercise caution, given the inherently volatile nature of cryptocurrency assets.