📊 BNB Weekly Analysis (July 1 – July 6, 2025)
Price Range:
BNB traded between $552 and $598 this week, showing moderate volatility with a slightly bullish tilt.
Trend Overview:
✅ BNB continued its uptrend, bouncing back from key support around $560.
🔼 It attempted to break $600 resistance but failed to hold above, indicating short-term profit-taking pressure.
📈 The 7-day moving average is still trending upwards, confirming overall bullish momentum.
Key Levels:
Support: $560 – $545
Resistance: $600 – $620
Breakout Zone: Above $600 with volume could lead to a rally toward $650.
Volume & Sentiment:
🔄 Trading volume was steady, with increased activity during early week dips (indicating buying interest).
😎 Market sentiment is cautiously bullish, but macro trends like BTC movement and Ethereum gas fees may affect BNB’s direction.
On-Chain Highlights:
🔁 BNB burn expectations and Binance Launchpool activities added investor interest.
📉 DeFi activity on BNB Chain is stable, helping support long-term use-case value.$BNB