BNB rebounds 30% – Perfect buy-in or time to cash out?

  • BNB is bouncing back from a four-month low as fresh momentum kicks in.
  • But is it enough to reclaim its spot in the top 5?

Binance Coin [BNB] has dropped 13% in under a month after peaking at a $100 billion market cap, allowing Solana [SOL] to take its spot.

Now, it’s up just 10% from its election day opening price, with big gains already realized. Does this mark the start of a fresh bull cycle, with new capital flowing into the altcoin?

The beginning of the end, or the start of something bigger?

Just a week ago, BNB crashed to $500, marking its sharpest drop in months and wiping out its post-election surge to $793. But in a swift turnaround, the altcoin has rebounded 30% in just a week.

BNB/USDTBNB/USDT

Source: TradingView (BNB/USDT)

With the RSI pointing to further upside and a MACD crossover teasing a bullish breakout, BNB has reclaimed much of its lost ground – its market cap surging back above $90 billion after briefly dipping below $75 billion.

At this pace, BNB could soon reclaim its top-five spot, rejoining the $100 billion club by knocking Solana down.

But with trading volume spiking 76% in a single session, is this rally overheating? Perhaps, it’s too much, too soon? Or is this just the start of something bigger — making now the perfect time to buy the “dip”?

Key BNB levels to watch

With momentum building, BNB’s next big test is $650 – break above it, and $700 could be within reach. But if $620 fails to hold, a dip toward $560, a strong support zone, could be on the table. 

Which scenario is more likely?

The latest volume spike and a green BNB/BTC pair suggest buyers are stepping in, rotating capital away from Bitcoin [BTC] into Binance Coin – a bullish sign, especially with Bitcoin’s dominance holding steady.

volumevolume

Source: Santiment


Read Binance Coin’s [BNB] Price Prediction 2024–2025


Given this setup, a $650 target doesn’t seem far off, but overheating could stall the rally. If momentum runs too hot, BNB may need another “dip” before making a real push toward $700.

Meanwhile, SOL is holding strong above $200, signaling accumulation. With SOL/BTC gaining traction, this could be the key metric to keep an eye on when deciding whether BNB is the better bet moving forward.

Next: Crypto market’s weekly winners and losers – MANTRA, HYPE, WIF, VIRTUAL

Source: https://ambcrypto.com/bnb-rebounds-30-perfect-buy-in-or-time-to-cash-out/