Is a Massive Rally About to Begin?
The post Is a Massive Rally About to Begin? appeared on BitcoinEthereumNews.com. BNB, the native token of the Binance ecosystem, has been showing renewed strength in recent weeks, catching the attention of traders and investors alike. After consolidating for months in a sideways range, BNB has finally broken above key levels and is now testing major resistance near $690–$700. With the broader crypto market stabilizing and altcoins beginning to regain momentum, many are asking the same question: Is BNB gearing up for a major breakout? In this article, we dive deep into the daily chart structure, key indicators like RSI, Fibonacci projections, and short-term support and resistance zones to provide a data-driven price prediction for BNB in July 2025. BNB Price Prediction: What’s Happening with BNB Right Now? BNB/USD Daily Chart- TradingView BNB price is currently trading around $681.60 after experiencing a sharp rejection near $690, as seen in today’s Heikin Ashi daily chart. While the price shows strong recent bullish momentum, the red candle forming today suggests hesitation from buyers near the upper resistance zone. This might be a short-term pullback rather than a trend reversal. On the Relative Strength Index (RSI), the reading stands at 61.16, indicating healthy bullish territory—but not yet overbought. This is a critical observation because BNB still has room to move higher before hitting major resistance zones. Where Is the Resistance and Can BNB Break Through? Zooming into the Fibonacci retracement levels drawn from the recent swing low around $500 to the high near $720, the price appears to be consolidating between the 0.618 retracement level (~$675) and resistance around $700–$710. The $700–$710 area is acting as a psychological and technical resistance. If BNB decisively breaks this level on strong volume, the next upside target is around $750, a major extension zone from recent Fibonacci projections. To calculate the Fibonacci extension: Swing Low: $500 Swing High:…
The post Is a Massive Rally About to Begin? appeared on BitcoinEthereumNews.com.
BNB, the native token of the Binance ecosystem, has been showing renewed strength in recent weeks, catching the attention of traders and investors alike. After consolidating for months in a sideways range, BNB has finally broken above key levels and is now testing major resistance near $690–$700. With the broader crypto market stabilizing and altcoins beginning to regain momentum, many are asking the same question: Is BNB gearing up for a major breakout? In this article, we dive deep into the daily chart structure, key indicators like RSI, Fibonacci projections, and short-term support and resistance zones to provide a data-driven price prediction for BNB in July 2025. BNB Price Prediction: What’s Happening with BNB Right Now? BNB/USD Daily Chart- TradingView BNB price is currently trading around $681.60 after experiencing a sharp rejection near $690, as seen in today’s Heikin Ashi daily chart. While the price shows strong recent bullish momentum, the red candle forming today suggests hesitation from buyers near the upper resistance zone. This might be a short-term pullback rather than a trend reversal. On the Relative Strength Index (RSI), the reading stands at 61.16, indicating healthy bullish territory—but not yet overbought. This is a critical observation because BNB still has room to move higher before hitting major resistance zones. Where Is the Resistance and Can BNB Break Through? Zooming into the Fibonacci retracement levels drawn from the recent swing low around $500 to the high near $720, the price appears to be consolidating between the 0.618 retracement level (~$675) and resistance around $700–$710. The $700–$710 area is acting as a psychological and technical resistance. If BNB decisively breaks this level on strong volume, the next upside target is around $750, a major extension zone from recent Fibonacci projections. To calculate the Fibonacci extension: Swing Low: $500 Swing High:…
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