Bnb Retraces Towards Key Support

Binance Coin (BNB) Price Prediction: Odds of Next Major Reversal

BNB Retraces Towards Key Support

Binance Coin (BNB), the native cryptocurrency of the Binance ecosystem, is currently retracing towards a key support level. The price action and metrics suggest that a potential bullish continuation could be on the horizon.

Eyes on $635 Amid Market Turmoil

Despite the ongoing market turmoil, Binance Coin has remained relatively stable, hovering close to its support level. The price of BNB has recently found support at around $486.60, which is a key level for the cryptocurrency. If BNB can hold this support, it could potentially trigger a major bullish reversal.

Our technical analysis indicates that BNB could have a bullish breakout if it can break above the $635 resistance level. This level has been a strong resistance area for BNB in the past, but if it can break above it, it could lead to a significant price increase.

The current Binance Coin price is $486.60. The 24-hour trading volume is $689,107,597. Binance Coin is down 2.42% in the last 24 hours and up 0.55% in the last 7 days.