Binance Coin (BNB) Price Poised for 6.2% Gain to $700

Binance Coin (BNB) has recently exhibited renewed strength on its daily chart, suggesting a potential significant move that could catch many traders off guard in the coming days. The current technical setup, key indicators, and realistic targets based on this chart provide a comprehensive view of BNB's potential trajectory.

The daily chart indicates that BNB is trading around $659. After a period of sideways consolidation, BNB is now showing steady green Heikin Ashi candles, a sign that bullish momentum is gradually building. Notably, BNB price recently broke through a small resistance zone near $650, which has now turned into immediate support.

The Relative Strength Index (RSI) is currently at 57.73, comfortably above the neutral 50 mark but still far from overbought territory. This suggests there is room for further upward movement before the coin risks a pullback due to overheating. The RSI crossing 57.73 shows BNB price is regaining strength after weeks of indecision. When RSI hovers between 55 and 65 in an uptrend, it often means there’s healthy momentum without signs of overheating. The yellow signal line around 48.92 below the RSI indicates the coin has moved above its average relative strength for the last 14 periods — a positive signal that adds weight to the bullish case.

Looking at the chart’s drawn Fibonacci-like levels and local highs, BNB price faces minor resistance near $680–$690. A clean break above this band would likely open the door to the next psychological level at $700. Beyond that, the chart suggests potential extensions up to $720 and even $760 if bullish sentiment intensifies. From the current price of $659, a push to $700 equals a 6.2% gain, and a run to $760 would deliver about a 15.3% upside. Such targets are achievable if volume picks up and the broader crypto market remains supportive.

On the downside, if BNB price fails to hold the immediate support near $650–$655, traders should watch for a drop back toward $620. A daily close below this level could invite further selling pressure, targeting the stronger support zone near $600.

Given the current formation, a measured move towards $700 looks achievable within the next few sessions if the momentum sustains. If macro conditions align, a breakout above $700 could push BNB price into the $720–$760 zone, especially if Bitcoin holds steady or rallies. Traders should watch daily candle closes above $680 for confirmation, monitor RSI for signs of divergence, and keep an eye on trading volumes for clues about trend strength.

Binance Coin is quietly setting up for a potential breakout after weeks of range-bound action. With solid support at $650 and bullish momentum building, BNB price could reward patient holders aiming for the $700–$750 range in the near term — but staying vigilant for any reversal signals will be key to protecting profits.