The price of Binance Coin (BNB) has been climbing steadily, surpassing the key resistance level at $650. Despite strong opposition from sellers, buying momentum continues to grow, pushing the price through various Fibonacci channels to reach a high above $670. Currently, BNB is trading at $669, marking a 5.9% increase over the last 24 hours.

Binance Coin / TetherUS,

The BNB/USDT trading pair is aiming for $692 but could face significant resistance, potentially leading to a fallback to $650. However, RSI at 70+, which is just above the overbought threshold, there remains strong demand for BNB. If the price can break above $692, a surge to $745 could occur.

On the other hand, if the price fails to hold at $692, it could drop back down to $650.

$BNB #BullishMomentum 🤑🤑🤑