BNB Price Prediction & Entry Strategy After MGX’s $2B Investment – March 12, 2025
Binance Coin (BNB) is trading around $560, showing bullish momentum after news of MGX’s $2B investment in Binance. This institutional backing strengthens Binance’s long-term outlook, increasing confidence in BNB.
BNB Price Prediction & Key Levels:
- Resistance: $580, $600, $650 (Breakout potential if buying pressure continues)
- Support: $540, $520, $500 (Buy-the-dip zones)
Entry Strategy for BNB Traders:
✅ Best Entry: $540 - $550 (Buy on pullback)
🚀 Breakout Buy: Above $580, targeting $600+
📉 Stop-Loss: Below $500 (Invalidates bullish setup)
If BNB breaks $600, it could rally toward $650+ in the coming weeks. Watch volume and market sentiment closely!🔥