$BNB Price Breakout Could Trigger ATH Rally Repeat – Is $730 The Next Stop?
Amid the market performance, #BNB is attempting to reclaim the $650 level. Some analysts believe that a breakout toward the $700 barrier might occur next, which could lead to a bigger move to new highs.
⭐BNB Breakout To Retest $700
On Friday, BNB dropped to the $640 support after failing to hold the mid-zone of its local price range. The cryptocurrency has been trading within the $630-$690 price range following its reclaim of the $600 barrier last month.
During the May breakout, BNB neared the crucial $700 resistance level, hitting a four-month high of $697. This key level propelled the altcoin’s price toward its $788 all-time high (ATH) after being broken in late 2024 and was lost during the early 2025 pullbacks.
Now, the cryptocurrency is eyeing a reclaim of this area as support to continue its price recovery. Analyst Carl Runefelt from The Moon Show noted that BNB displays a one-month descending triangle pattern on the daily timeframe, with price compressing between the support and resistance levels.
According to the chart, the formation’s support sits around the $635 level, while the descending resistance sits around the $650 area. To Runefelt, a bullish breakout from this pattern could propel the token 10% toward the $700 resistance.
Notably, reclaiming and confirming this key area as support could also send BNB’s price toward another crucial horizontal level.
Analyst Crypto Batman recently highlighted that BNB is forming a multi-month ascending triangle, “holding strong” near the ascending trendline after continuing to bounce from the $635-$640 support zone.
To the market watcher, “Even with market uncertainty, BNB structure is clean after respecting the trendline and bouncing off major support, now eyeing a breakout above $700,” which could be part of a bigger move toward the $800 level.
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