$BNB Chart Showing Bullish Flag Pattern and Price Will Hit +$750CRYPTOCAP:BNB Previously Chart showing Bullish Inverse Head and Shoulder Pattern and Gain Profit of Range. It's a Reversal Pattern .
Now Chart Showing a Bullish Flag Pattern and it's Continuation Pattern. Time to Bullish for BNB Coin for FOMC 10th July Thursday 2025.
The upsloping 20-day EMA and the RSI just above the midpoint indicate a slight edge to the bulls. If the $665 resistance falls, the BNBUSD pair could rise to $675 and then to $698.
Sellers are likely to pose a solid challenge at $698 because a break above it could propel the pair to $732. I'm guess BNB Price Breakout of ATH and $888 Mystery will Happen.
This optimistic view will be negated in the near term if the price turns down and breaks below the moving averages. The pair may then drop to $636.
NEWSBTC: BNB Price Gears Up for Upside Break — Will Bulls Deliver?
BNB price is gaining pace above the $650 support zone. The price is now showing positive signs and might aim for more gains in the near term.
BNB price is attempting to recover from the $620 support zone.
The price is now trading above $655 and the 100-hourly simple moving average.
There is a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB/USD pair (data source from Binance).
The pair must stay above the $655 level to start another increase in the near term.
BNB Price Eyes More Gains
After forming a base above the $620 level, BNB price started a fresh increase. There was a move above the $645 and $650 resistance levels, like Ethereum and Bitcoin.
The price even surged above the $660 level. A high was formed at $666 before there was a downside correction. The price dipped below the 50% Fib retracement level of the upward move from the $650 swing low to the $666 swing high.
The price is now trading above $655 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $662 level. There is also a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB/USD pair.
The next resistance sits near the $665 level. A clear move above the $665 zone could send the price higher. In the stated case, BNB price could test $672. A close above the $672 resistance might set the pace for a larger move toward the $680 resistance. Any more gains might call for a test of the $700 level in the near term.
Another Decline? If BNB fails to clear the $662 resistance, it could start another decline.
Initial support on the downside is near the $655 level and the 61.8% Fib retracement level of the upward move from the $650 swing low to the $666 swing high. The next major support is near the $650 level.
The main support sits at $644. If there is a downside break below the $644 support, the price could drop toward the $632 support. Any more losses could initiate a larger decline toward the $620 level.
Technical Indicators
Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level.
Major Support Levels – $655 and $650.
Major Resistance Levels – $662 and $665.
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