Binance Coin (BNB) May Test $655 Resistance Amid Cautious Weekly Bullish Outlook

  • Cryptocurrency markets show a bullish trend as Binance Coin (BNB) edges closer to breaking key resistance levels, signaling potential upward momentum.

  • Market data from CoinMarketCap indicates that the final trading day of the week leans more bullish than bearish, reflecting growing investor confidence.

  • According to COINOTAG analysis, a daily close above $651.51 for BNB could trigger a significant rally towards the $660-$670 range, underscoring critical price thresholds.

Binance Coin (BNB) nears crucial resistance at $650, with bullish momentum suggesting a possible surge to $670, according to CoinMarketCap and COINOTAG insights.

‘,

πŸš€ Advanced Trading Tools Await You!
Maximize your potential. Join now and start trading!

‘,

πŸ“ˆ Professional Trading Platform
Leverage advanced tools and a wide range of coins to boost your investments. Sign up now!


];

var adplace = document.getElementById(“ads-bitget”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex;
adplace.innerHTML = adscodesBitget[adsindex];
sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBitget”, sessperindex);
}
})();

The Binance Coin (BNB) price has demonstrated a modest increase of 0.15% over the past 24 hours, currently trading near the $650.50 mark. On the hourly chart, BNB is positioned to challenge the local resistance at $650.62. A successful breakout above this level could catalyze a swift upward movement, potentially testing the $655 price range in the near term.

From a daily timeframe perspective, the outlook remains cautiously optimistic. Should the daily candle close above the $651.51 threshold, technical indicators suggest a probable extension of the bullish trend, with price targets set between $660 and $670 for the upcoming week. This scenario aligns with the broader market sentiment favoring a continuation of gains.


];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();

Source: https://en.coinotag.com/binance-coin-bnb-may-test-655-resistance-amid-cautious-weekly-bullish-outlook/