$BNB (BNB) price is trading slightly above $624 on Thursday after finding support around its key level the previous day. The technical outlook suggests a rally ahead as momentum indicators show a bullish projection, targeting $679.90.

BNB price shows potential for a rally

BNB's price broke above its 200-day Exponential Moving Average (EMA) at around $620.5 and rose nearly 5% on Monday. This level roughly coincides with the daily resistance level at $612.50, and a breakout above these levels indicates a bullish move. However, BNB declined slightly over the next two days, retesting and finding support around the daily level of $612.50. At the time of writing on Thursday, it trades slightly higher, around $624.