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Strong volume patterns and technical breakouts suggest that BNB may target $750 as global economic tensions reshape cryptocurrency markets.
May 16, 2025, at 4:03 PM
The BNB-USD price chart over 24 hours shows an increase of 4.7% to reach $688.88.
The price of BNB reached $688.88 after a strong breakout during the
The price of BNB saw an increase of 4.54%, rising from $650.03 to $679.53 with strong volume support indicating institutional accumulation.
Geopolitical tensions and trade disputes between major economies are creating volatility in cryptocurrency markets, where BNB has shown resilience compared to other assets.
The appointment of Paul Atkins, a crypto-friendly figure, as the head of the U.S. Securities and Exchange Commission boosted market sentiment, potentially supporting the continued bullish momentum of BNB towards $750.
The state of global economic uncertainty is reshaping cryptocurrency markets, as BNB shows exceptional strength amid escalating trade tensions. The coin's outstanding performance comes amid increasing institutional investor investments, which is evident from the trading volume nearly doubling to reach $1.08 billion.
Meanwhile, the BNB Chain system continues to expand its utility by integrating artificial intelligence and reducing gas fees, positioning it well compared to competitors like Solana and Ethereum.
Key technical analyses.
The BNB coin formed a clear upward channel with strong volume support at the $657-658 level, as buying pressure accelerated significantly, according to CoinDesk Research's technical analysis data model.
Trading volume rose to 151,956 BNB during the 07:00 hour, nearly 4 times the average over 24 hours, indicating significant accumulation.
Three consecutive hours of high volume between 07:00 and 11:00 peaked with the strongest volume of 251,202 BNB during the last hour.
A head and shoulders pattern formed in the last hour with the right shoulder completing around 11:34-11:36, before breaking below the neckline support at $684.
The large trading volume during the periods of 11:04, 11:15, and 11:21 indicates institutional positioning ahead of the reversal.
The closing price at $678.07 represents a decrease of 1.7% from the peak during the hour, with increasing selling pressure in the last ten minutes as prices tested the support level of $677.
Foreign references
"BNB chain recovery amid institutional adoption and DeFi," Cointelegraph, published on May 7, 2025.
"BNB aims for $700 as CZ seeks to cut Binance chain fees by 90%" published on May 16, 2025
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