BNB refreshed its all-time high price of $805.9 at 8 AM, with the current price at $797.85, showing strong upward momentum over the past 24 hours. It has risen 12% over the past 7 days, with 22 out of the last 30 days being up days, and a price volatility of 5.23%. This performance reflects BNB's strong momentum in the cryptocurrency market.
Technical Analysis and Indicators
TradingView: The technical rating for BNBUSDT is 'Strong Buy', with oscillators and moving averages showing buy signals, and both the 1-week and 1-month ratings are strong buy signals.
Investors (Investing.com): Technical analysis shows 'Strong Buy', with moving averages (MA5 to MA200) all indicating buy signals, and technical indicators like MACD (6.48, buy signal), ADX (52.872, indicating strong trend) also supporting the rise. However, the RSI (76.873) is in the overbought state, which may indicate a short-term pullback.
Brave New Coin: Technical analysis indicates that BNB is forming an ascending triangle pattern, with a target price of $950-$1000 after breakout. The MACD line (9.30) is above the signal line (4.79), indicating strengthening bullish momentum, and the Bollinger Bands expansion indicates rising volatility.
X Discussion: Several analysts, such as @TheMoonCarl, mentioned that if BNB breaks the triangle, the upside target is $820; @Crypto_TheBoss pointed out that BNB has reached the upper edge of the parallel channel and may continue to rise.
Support and Resistance Levels based on Pivot Point Analysis:
Classic Pivot Point: $783.81
R1: $790.88
R2: $794.97
R3: $802.04
The current price of $797.85 is close to R3, with the next resistance possibly at $820-$850, and a long-term target of $950.
Market Dynamics and Positive News
Recent positive news supports the rise in BNB prices:
Regulatory Progress: The SEC has withdrawn its lawsuit against Binance, and VanEck has submitted a BNB spot ETF application, boosting investor confidence.
Volume Growth: BNB chain transaction volume reached $178.2 billion in May, showing strong market demand.
Institutional Actions: Nano Labs announced a $500 million fund for BNB inventory strategy and plans to purchase up to $1 billion of BNB, indicating institutional bullishness.
Hong Kong Listing: BNB's shell listing in Hong Kong is favorable for adoption in the Asian market.
Price Predictions and Analyst Opinions
From online search results, the future price forecasts for BNB are generally optimistic:
Changelly: Predicts an average price of BNB at $1088.89 in 2025, with a peak of $1294.87, potentially reaching $8254.17 by 2030.
CoinCodex: Predicting a price range of $756.69-$801.69 for July 2025, with an average of about $779, indicating a bullish outlook in the short term.
InvestingHaven: Predicts BNB to be between $728-$1424 in 2026, averaging $1076, potentially reaching $1500 in 2027, and best-case scenario of $2000 in 2030.
Coinpedia: Predicts a peak of $1292 in 2025, potentially reaching $2749 by 2030.
Cryptomus: Predicts BNB to be between $792.22-$1002.12 in 2026, with a maximum of $1712.24 by 2030.
Short-term and Mid-term Predictions
Short-term (1-2 weeks): BNB may consolidate between $800-$850, with target price levels of $820-$850, based on recent resistance levels and potential pullbacks.
Mid-term (1-3 months): If the trend continues, BNB is expected to test $950 or even higher, based on the ascending triangle target and bullish momentum.
Risks and Considerations
Overbought Condition: The RSI (76.873) is in the overbought range, which may trigger a short-term pullback, but under a strong trend, the overbought condition may persist.
Market Volatility: The cryptocurrency market is highly volatile, and it is necessary to monitor the impact of Bitcoin and other market sentiments on BNB.
News Dynamics: Regulatory changes or major announcements may impact prices, requiring ongoing attention.
Comprehensive analysis of technical indicators, market dynamics, and recent news suggests that the next trend for BNB is expected to be bullish. The short-term target is $820-$850, and the mid-term target is $950.
Investors should pay attention to market volatility and overbought risks, and develop strategies based on technical analysis and news dynamics.
Statement: This article is for personal analysis only and does not constitute investment advice. The cryptocurrency market is risky; proceed with caution!
