As of June 1, 2025, at 11:02 AM, Binance Coin (BNB) is trading at $655.34, showing a slight upward movement of +0.33% in the last 24 hours. The pair has recorded a 24h high of $661.42 and a low of $652.10, reflecting some intraday volatility. Let’s take a closer look at the chart and volume data to forecast possible price action for BNB/USDT in the near term.

Price and Moving Averages

MA (7): $655.69

MA (25): $657.32

MA (99): $659.79

The current price is hovering just below the short-term moving averages, suggesting some resistance from higher moving averages, particularly the MA(99), which is acting as a longer-term resistance level.

The price attempted a rally towards $661.42 but faced rejection and is currently consolidating in a narrow range. This indicates a possible trend indecision or a minor bullish pause before the next breakout attempt.

Volume and Market Sentiment

24h Volume (BNB): 111,501.87

24h Volume (USDT): $73.17M

The volume bars show a mix of green and red, with the last few hours dominated by moderate selling pressure. This aligns with the slight decrease in today’s MA by -0.30%. Despite that, monthly and yearly performance remain positive, with 30-day and 1-year returns of +9.01% and +10.44% respectively, indicating a broader uptrend.

The Order Book suggests a mild bearish bias in the short term with:

Bid-to-Ask Ratio: 42.66% (Buyers) vs 57.34% (Sellers)

This imbalance could lead to a brief pullback unless buyers step in at key support levels.

Support and Resistance Zones

Immediate Resistance: $657.32 (MA 25), followed by $659.79 (MA 99)

Support Level: $652.10 (recent low), psychological level at $650

A break above $659.79 could trigger bullish momentum toward $665–$670, while a drop below $652 may lead to further correction toward $645 or even $640.

Technical Outlook: Neutral to Slightly Bullish

The overall market structure on the 30-minute chart remains neutral to slightly bullish. BNB is consolidating with higher lows, suggesting buyer interest around the $650 level. However, failure to reclaim the MA(25) and MA(99) could limit upside potential.

Prediction (Short-Term):

If BNB manages to hold above $652 and breaks past $660 with volume confirmation:

Upside Target: $668 – $675 in the short term.

If the price falls below $652:

Downside Target: $645 – $640.

$BNB

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