$BNB As of March 20, 2025, Binance Coin is trading at approximately $626.98, reflecting a 1.68% increase over the past 24 hours.

Recent technical analysis indicates that BNB has successfully breached the $605 resistance level, transforming it into a robust support zone. This breakout suggests a potential for further gains, with immediate targets near $630 and $650.

The Federal Open Market Committee's decision to maintain interest rates has positively influenced BNB's price action, allowing it to rebound from the $600 mark and sustain bullish momentum. Currently, BNB is trading within an ascending channel, a pattern historically associated with rallies surpassing $700.

Technical indicators, such as the Moving Average Convergence Divergence (MACD), exhibit a weak bullish crossover, signaling potential for further upside. Additionally, BNB's position above the 100-day Simple Moving Average (SMA) underscores the prevailing bullish trend.

In summary, BNB's recent price movements and technical indicators suggest a favorable outlook, with potential targets at $630 and $650 in the short term. Investors should monitor these levels, as a sustained move above them could pave the way for further gains.