BNB has reached a critical technical juncture, with its daily chart showing a clear breakout above a long-standing descending trendline. This breakout suggests that bullish momentum may be returning, especially as the price reclaims the $600 level. If the breakout sustains and confirmation arrives through increased volume, the next major resistance lies near $700—an area that aligns with previous price congestion and psychological significance.
Adding fuel to this bullish scenario, Bitcoin has recently gained strong upward momentum, breaking above key resistance levels and lifting overall market sentiment. Historically, BNB has shown a strong correlation with Bitcoin’s trend, often catching tailwinds from BTC’s rallies. If Bitcoin continues its climb, BNB could benefit significantly, reinforcing the $700 target in the near term. $BNB