BNB holds $600–$620 support as traders eye a breakout above $700 toward the $800 level.
Trading volume jumped 32%, while active addresses rose 18%, signaling strong network activity.
Bullish crossover and RSI at 72 suggest momentum is building for BNB’s next upward move.
Despite uncertainty across the broader crypto market, Binance Coin (BNB) continues to maintain its trend structure. The token recently respected its ascending trendline and rebounded from key support, suggesting buyers are still in control. Market analysts are now watching for a potential breakout above $700, which could pave the way for a larger rally.
BNB Maintains Clean Structure as Momentum Builds
According to analysis prepared by Crypto King on X, BNB is “still holding strong” following recent geopolitical tensions that affected overall market sentiment. The coin has consistently respected its $600–$620 support range, with repeated rebounds indicating strong buyer interest at those levels.
Price action this week has positioned BNB near a key breakout point. Trading volume surged by 32% over the past 24 hours, reaching over $1.2 billion, suggesting rising interest from both retail and institutional traders.
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On-chain activity has also picked up, with daily active addresses increasing 18% week-over-week as of June 12, 2025. These trends reflect sustained engagement across Binance’s ecosystem.
Technical Indicators Suggest Potential Breakout Toward $800
The daily chart of BNB indicates a bullish crossover; where the 50-day moving average crossed above the 200-day moving average. The pattern is commonly applied to recognize up-trends at the early stage. At the same time, the Relative Strength Index (RSI) has reached 72, which indicates a robust trend but is not at an overbought level yet.
Crypto analyst Gordon noted on X that “BNB looks like it's gearing up for a face melting run.” With the price nearing the $650–$660 zone, traders are watching closely to see if a move through $700 can be sustained. Should bulls regain control and break resistance, analysts see a pathway toward $800 in the coming weeks.
BNB continues to attract trading activity across various pairs, with volume on BNB/ETH rising 25% in the last 48 hours. As Binance expands its DeFi offerings and platform features, BNB’s current price action may reflect growing utility and user demand across its network.
The post BNB Holds Above Key Support as Bulls Target Breakout Beyond $700—$800 Move in Sight appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
