Binance Coin (BNB) faces critical technical tests as prices hover near $657.88, down 0.28% over 24 hours. The cryptocurrency’s immediate trajectory hinges on two pivotal price zones:
Hourly chart analysis
• BNB approaches local support at $655.92, with a breakdown potentially triggering a slide toward the $650-$655 range.
• Sustained selling pressure could accelerate declines, though historical data shows strong holder defense near $600-$615 .
Image by TradingView
Daily and weekly outlook
• A false breakout below yesterday’s low signals vulnerability. A daily close near $656.70 may confirm bearish momentum targeting $645 .
• The weekly candle close remains crucial: A consolidation away from previous highs could enable resistance tests later in July .
Broader market context
Analyst projections for July 2025 diverge:
| Source | Low | Average | High |
| Changelly | $610.33 | $643.32 | $676.31 |
| TradingView | $590 | $660 | $730 |
| CoinDCX | – | – | $710 |
Technical indicators suggest:
• Bollinger Band support near $615 could catalyze rebounds toward $707.
• Ecosystem developments like the Maxwell Upgrade may drive 8-10% gains if market conditions stabilize.
BNB’s mid-term performance remains tied to weekly closes and broader crypto market sentiment. Current trading volume and market cap data reflect cautious investor positioning ahead of key technical confirmations.
