Binance Coin Price Prediction Holds Above $660 With Support from Whale Buys

Market signals suggest the asset is consolidating within a narrow range, supported by technical stability and recurring accumulation patterns.

Binance Coin (BNB) has remained resilient above the $660 level, holding ground despite increased intraday volatility and fading momentum in recent sessions.

The asset’s ability to defend local support zones has kept bullish interest intact, even as broader sentiment remains cautious. Analysts are observing key indicators that could determine BNB’s next decisive move.

Rejection at Resistance Sets the Stage for Potential Recovery

On the intraday chart, BNB/USDT displayed a short-term breakout attempt followed by a sharp reversal. Data from analysts highlighted a buy signal triggered at $660.17 on July 8, timed near a brief price surge supported by an increase in volume.

Source: X Chart by @ALGOGENE X

However, the attempted breakout above $662 met resistance and quickly reversed, closing the session around $660. The move was accompanied by a noticeable increase in red volume bars, signaling that sellers remained active near the upper band of the consolidation zone.

A broader technical setup shared by @trader_raiii showed a classic reversal structure, likely an inverse head-and-shoulders pattern. The price had formed a support base marked by repeated lower wicks, suggesting demand near $656–$658.

Following a clean breakout past neckline resistance around $656, BNB rallied to a take-profit target near $663.

Source: X Chart by @trader_raiii

This successful execution confirmed a temporary shift in control to buyers, although no major pullback or continuation followed. The presence of strong accumulation at the breakout zone implies that bulls are still monitoring for a higher breakout.

Volume Surge Confirms Accumulation Amid Tight Price Range

BraveNewCoin data from the past 24 hours shows that BNB moved between $657 and $664, closing the period with a modest gain of 0.06%. A short-lived dip around $658 was met with immediate buying interest, which helped the price rebound toward the $664 resistance zone by early July 9.

The volume during this session totaled approximately $583 million, aligning with the asset’s standing as a top 5 coin by market capitalization, with a cap exceeding $96 billion.

Source: Chart by BraveNewCoin

Volume trends indicated steady interest during key price movements, particularly during the morning rally on July 9. The lack of follow-through volume during the retracement phase suggests profit-taking rather than broad sell pressure.

Analysts see this as a potential sign of institutional or whale activity, as these players typically accumulate during periods of low volatility and support retests. If volume re-accelerates above $664, it could confirm a bullish breakout and extend the current recovery phase.

Indicators Show Gradual Momentum Build-Up

Technical insights from TradingView confirm that BNB has entered a phase of cautious bullish activity. The Relative Strength Index (RSI) stands at 55.01, slightly above the neutral 50 mark and currently trending above its moving average at 53.38. This alignment reflects modest bullish strength, with room for growth should RSI continue toward 60.

The RSI’s recent crossover into positive territory aligns with recent price behavior and supports a watchful approach toward trend continuation.

Source: Chart by Tradingview

The MACD (Moving Average Convergence Divergence) paints a similar picture, with the MACD line (3.26) positioned above the signal line (1.75) and a histogram value of 1.51. This setup suggests a build-up in buying momentum, although the values remain close to the baseline.

Market participants are likely waiting for further confirmation through volume spikes or price advancement beyond $664. Until then, BNB remains stable within a consolidation zone, with momentum indicators pointing toward a cautiously constructive bias.