Here is the updated forecast and analysis for Binance Coin (BNB) for today, July 17, 2025:
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📊 Technical analysis & market sentiment
Trading indicators are generally bullish nationwide – e.g., moving averages (50-day, 200-day MA) remain below the price, indicating an uptrend.
RSI is balancing in a neutral range (30–70), MACD does not signal a reversal – this suggests room for further growth, but without signs of overheating.
Volumes remain solid (~$1–2 billion daily), confirming active demand.
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🔍 Short-term forecasts (24–48h)
CoinLore: the expected daily range is $698.40–$719.44, and tomorrow the price may reach around $707.17.
Binance (official analyzer): forecasts a rise of about 5% – the price may reach $716.96 today and $717.05 tomorrow.
U.Today: prices are likely to oscillate sideways between support and resistance – that is $675–$691 ℹ️.
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📈 Medium-term outlook (7 days)
Traders Union: predicts an increase of about +5.5%, resulting in a price of $759 in a week.
CoinCodex: the monthly forecast indicates an average around $735 in July (+9%).
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⚖️ Key levels to watch
Type Level Significance
Support $690–$700 strong demand zone – recent breakouts above $700 strongly signal a continuation of movement.
Resistance $720–$725 near historical highs – breaking through opens the way to $740+
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✅ Scenarios for today
📈 Bullish: holding above $700 and breaking through $720–$725 could lead to a quick move to around $740–$760.
📉 Shallow pullback: without breaking resistance, a slight drop to $690–$700 is possible.
⚠️ Risk: a larger correction below $685 with weak volume, however, technical analysts assess the outlook as stable and doubt a painful correction.
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🧭 Recommendations
1. Long entry: on a breakout above $720, aim for $740–$760, stop-loss below $700.
2. Defensive entry: if the price remains within the $690–$720 channel, consider small longs with SL close to $690, with TP around $720.
3. Prepare for opportunities: quarterly BNB burn and token ecology development (tokenization of stocks/ETFs) are factors supporting a bullish sentiment.
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📝 Daily summary
Daily range: $698–$720
Style: technically bullish, neutral RSI, solid volume
Momentum: medium- and long-term support – the structure suggests demand dominance
Key barrier: $720 – breaking it will indicate a potential rally
