Binance Coin Price Analysis: The BNB Traders Could Expect A Significant Rally If The Coin Price Reclaims The $670 Resistance

Published by
Binance Coin Price Analysis: The BNB Traders Could Expect A Significant Rally If The Coin Price Reclaims The $670 Resistance

The BNB coin presents an overall uptrend in its technical chart. This coin has recently obtained good support from the $510 mark, and now it aims to breach the All-Time High resistance of the $670 mark. The crypto traders could wait for the price to give a decisive breakout from this level to expect a strong directional rally.

Key technical points:

  • The BNB coin obtains dynamic support from the 50-day EMA line
  • The daily RSI chart shows a striking drop concerning the coin’s price action
  • The intraday trading volume in the BNB coin is $3.01 Billion, indicating a 36.1% gain

Source- BNB/USD chart by Tradingview

The BNB coin indicated an excellent opportunity for crypto traders when the price breached its previous swing high resistance of $520 on October 29th. The coin started rallying and retested the ATH resistance of $670 only to face strong resistance from this level.

Thus, the rally entered a correction phase, which dropped the price back to the $520 mark, this time to obtain proper support from it. The coin displays sufficient support from this level in order to resume this uptrend.

The exponential moving average(EMAs) confirms a bullish trend in the BNB coin, as its price is trading above the 20, 50, 100, and 200 EMA lines. Moreover, The Relative Strength Index(74) displays a significant drop in its RSI line, which must have stabilized the coin to continue its rally.

BNB/USD Chart In The 4-hour Time Frame

Source- BNB/USD chart by Tradingview

This lower time frame chart shows a steady rally in the BNB coin. Moreover, the coin price seems to be respecting the level of an ascending trendline leading this uptrend since late September. 

Thus, crypto traders can use this support trendline to find good long entry opportunities. However, this will also serve as a great early signal if the price starts moving otherwise.

 

.

 

.

 

.

 

.

 

Advertisement
Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Peter Schiff Predicts Bitcoin Decline Will Extend Into December as BTC Closes Out Red November

Gold bug Peter Schiff has predicted that the Bitcoin price will likely continue to crash…

November 30, 2025
  • Crypto News

Robert Kiyosaki Recommends Bitcoin and Ethereum as Hedge Against Potential Global Crisis

'Rich Dad Poor Dad' author Robert Kiyosaki has again made a case for the two…

November 29, 2025
  • Crypto News

Arthur Hayes Predicts Bitcoin Rally To $500K By Next Year Over Fed Easing

BitMEX co-founder Arthur Hayes has predicted that Bitcoin's price could rally to $500,000 by the…

November 29, 2025
  • Crypto News

China Tightens Stance on Stablecoin and Crypto Payments With New Policy Talks

China is tightening its stance on digital assets again with regulators warning of rising risks…

November 29, 2025
  • Crypto News

Hyperliquid Team Moves $90M HYPE as Network Becomes Top Fee Chain

Hyperliquid logged another major on-chain development today after a team-linked wallet shifted $90 million worth…

November 29, 2025
  • Crypto News

Is Kalshi Manipulating Prediction Markets? Platform Hit With Lawsuit Over Violations

Kalshi has been accused of illegal sports gambling and manipulating the market. This comes as…

November 29, 2025