BNB Price Analysis Archives - Coin Engineer

BNB Approaches Critical Resistance: Holding Above $620 Could Target $640

Yigit Taha OZTURK — Thu, 08 May 2025 18:45:43 +0000

All eyes are back on BNB as the popular altcoin approaches a critical resistance zone at $620. According to technical analysis, if BNB manages to hold above the $620 level on the 4-hour chart, the next upward target lies in the $640 – $644 price range.

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This breakout could indicate a continuation of bullish momentum, especially if backed by strong trading volume. Sustained movement above this level may confirm renewed strength among buyers.

If $620 Support Breaks, FVG Zone Between $613 – $604 Comes Into Play

On the flip side, $620 now acts as a key support level. If BNB fails to hold this level, the next support is found in the $613 – $604 range — a region identified as an FVG (Fair Value Gap) zone.

BNB/USDT pair 4-hour chart.

This FVG zone is considered a potential rebound area where short-term corrections could find buying interest and lead to another bullish attempt. Traders are closely watching this region as it may define BNB’s short-term direction.

The coming sessions will be crucial in determining whether BNB can break out or retrace from these levels.

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The post BNB Approaches Critical Resistance: Holding Above $620 Could Target $640 appeared first on Coin Engineer.

BNB Technical Analysis: Will the Descending Trend Break?

Yigit Taha OZTURK — Tue, 22 Apr 2025 17:30:33 +0000

BNB has reclaimed the bearish FVG (Fair Value Gap) zone previously discussed in technical analyses and is now testing a significant descending trendline on the daily chart.

Descending Trend Under Pressure

This level is critical, as a confirmed breakout could lead to a push toward the $630 level. Historically, this zone has acted as strong resistance, and a successful move above it could open the door for further gains toward the $650–$660 range.

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$630 as a Key Resistance Level

On the other hand, a rejection from the trendline would shift attention back to the recently reclaimed FVG zone, which would then be expected to act as support. In this scenario, a consolidation phase around the support region could follow before a clearer trend direction emerges.

BNB/USDT pair daily chart.

Traders are watching closely as price action in these zones will likely provide crucial clues on BNB’s short-term momentum and overall trend shift.

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BNB Surges from $524 Support: Will the Downtrend Resistance Break?

Yigit Taha OZTURK — Thu, 10 Apr 2025 16:30:18 +0000

BNB recently bounced strongly from the $524 support zone — a level where buyers have previously shown interest. This key support helped initiate a sharp upward move, pushing the price into the bearish FVG (Fair Value Gap) zone. As a result, BNB is now testing an important resistance that may define its short-term trend.

FVG Zone and Critical Resistance

Currently, BNB is trading within the FVG zone. If this area is broken with a strong close and solid volume, the next major target will be the long-standing downtrend resistance. This level marks a turning point for BNB, and a breakout could renew market confidence while sparking a new wave of buying activity.

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What If Rejection Occurs?

However, if BNB gets rejected from the FVG zone, a pullback toward the $530 – $524 range is likely. This area now serves as a short-term support zone. A retest of $524 would put the spotlight back on buyers — will they hold the line again, or will bears push the price lower?

BNB/USDT pair daily chart.

In summary, BNB has climbed from $524 and is now facing a major resistance zone. A successful breakout could push the price toward the descending trendline resistance and beyond. However, rejection at this level may lead to another dip back into the $530 – $524 range. As always in the crypto markets, cautious optimism is key.

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BNB Rises on Binance Investment News: What’s the Next Target?

Yigit Taha OZTURK — Wed, 12 Mar 2025 17:00:38 +0000

A major development has made waves in the crypto world! Binance has secured a massive $2 billion investment from MGX, an Abu Dhabi-based artificial intelligence and technology investor. This deal marks Binance‘s first institutional investment and stands out as the largest crypto-focused investment financed with stablecoins.

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Following the investment news, BNB rebounded strongly from the $507 support level, climbing up to the downward Fair Value Gap (FVG) zone. However, it has currently faced rejection from this resistance area. If the price manages to hold above this resistance zone, the first target will be the $630 level. Breaking above this level could bring the upper resistance of the rising trendline into focus.

On the other hand, if another rejection occurs from the resistance and selling pressure increases, a break below the $507 support level could lead to a further pullback towards $470.

BNB/USDT daily chart.

With the MGX investment, Binance’s strengthened position may support positive price action in BNB over the medium to long term. However, it is crucial for investors to closely monitor price movements at these key levels.

In conclusion, closing above $630 could lead to further upside potential, while a drop below $507 may trigger a new bearish wave.

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