Binance Coin (BNB) is showing bullish momentum again, trading steadily above the key $BNB

640 support zone. After a period of consolidation, the price is flashing signs of strength—and a potential breakout could be on the horizon.

BNB Builds Strength Above Support

BNB found solid footing at $642, forming a reliable base for a fresh upward move. The price surged past key resistance levels at $650 and $655, mirroring the bullish sentiment seen in Ethereum and Bitcoin.

Even more promising, BNB broke through a bearish trend line near $652 on the hourly chart, confirming a short-term trend reversal. It’s now trading comfortably above $655 and the 100-hour simple moving average, which adds further support to the bullish case.

Key Resistance Levels in Sight

On the upside, BNB faces its first hurdle near $660, aligning with the 61.8% Fibonacci retracement level of the recent $671-to-$642 pullback. A clean break above this level could open the door for a retest of $670.

If bulls push past $670, the next major target lies at $678. And if momentum holds, BNB could aim for a run toward $685—possibly even testing the psychological $700 mark in the near term.

Could BNB Dip Before the Next Rally?

Of course, no rally comes without risks. If BNB struggles to clear the $660 resistance, it could face another pullback. Initial support lies around $652, followed by $650.

The critical support level remains at $642. A decisive drop below this point might trigger a deeper correction, with downside targets at $630 and even $620 if selling pressure intensifies.

Technical Outlook

MACD (Hourly): Bullish momentum is building, with the MACD gaining strength in the green zone.

RSI (Hourly): Sitting above 50, the RSI suggests the bulls are still in control.

Bottom Line:

BNB is gaining bullish traction above the $BNB 640 support, and a breakout above $670 could ignite a rally toward $BNB 700. However, traders should keep an eye on the $642 level as the line in the sand. Momentum is building—but as always in crypto, volatility can strike fast.

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