After months of downward pressure, BNB has finally broken above its long-standing descending trendline on the daily chart. This technical breakout could mark the beginning of a new bullish phase, especially as the price also reclaimed the key resistance zone around $600—now acting as potential support. Traders and analysts often view such breakouts as early signs of trend reversals, particularly when accompanied by increasing volume and strong momentum.
With the trendline resistance now behind, BNB could target higher levels in the coming weeks. Market participants will likely keep a close eye on whether this breakout sustains and transitions into a broader uptrend. If follow-through buying continues, BNB may attempt to revisit previous highs, setting the stage for renewed upside in Q2 2025.