BNB Price Analysis: Is Binance Coin Gearing Up for a Breakout?
Binance Coin (BNB) is showing strong upward momentum today, trading at $668.68, up +1.48% in the last 24 hours. The 24-hour high stands at $670.30, while the low is $640.66, reflecting significant intraday volatility.
The price has broken above the MA60 (665.89) and is holding well above it, suggesting bullish short-term sentiment. The volume is also picking up, with BNB Volume at 401,497.52 and USDT Volume at 262.88M, indicating strong market interest.
Technical indicators:
7-Day Gain: +11.60%
30-Day Gain: +13.62%
1-Year Gain: +12.55%
If this momentum continues, BNB might test new resistance levels beyond $670. However, traders should watch for possible pullbacks and confirm breakouts before entering trades.
Are you bullish or bearish on BNB this week? Let me know in the comments!
