Is BNB Poised for a Breakout? Analyzing the $750 Price Target

Forex 2025-11-12 10:21:15
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Binance Coin (BNB) has demonstrated notable upward momentum,Bitcoin account login free breaking past the critical $700 threshold. Market observers are now speculating whether this digital asset can sustain its bullish trajectory and challenge higher resistance levels.


  • BNB's recovery from the $650 support zone has reignited buyer interest.

  • The cryptocurrency currently maintains its position above both the $700 mark and the 100-hour moving average.

  • A significant technical development occurred with the breach of a descending trendline at $705 on BNB/USD charts.

  • Sustaining above $700 appears crucial for maintaining the current positive market structure.



Technical Landscape Shows Bullish Signals


Following its consolidation above $675, BNB has mirrored the broader market recovery seen in major cryptocurrencies. The asset successfully overcame successive barriers at $680 and $700, demonstrating improving market sentiment.


The breakthrough above the $705 trendline resistance represents a notable technical achievement. This move also surpassed the midpoint retracement level from the recent swing high at $761 to the $650 trough, indicating strengthening momentum.


With current trading activity positioned comfortably above key moving averages, attention turns to potential resistance near $720. This level coincides with the 61.8% Fibonacci retracement from the recent price swing.


The immediate upside target remains the $735 zone, where previous price action encountered selling pressure. A decisive close above this level could open the path toward testing $750, with potential for extended gains toward the $762 region if buying momentum persists.



Potential Downside Considerations

Should BNB fail to overcome the $735 resistance, traders might anticipate potential retracement. Initial support emerges near $705, followed by the psychologically important $700 level.


The $675 area represents a more substantial support zone. A breakdown below this level could trigger further downside toward $662, with the $650 region serving as critical support in case of extended weakness.


Technical Indicators

Hourly MACD – The moving average convergence divergence indicator shows increasing bearish momentum in the short term.

Hourly RSI (Relative Strength Index) – The relative strength index currently maintains a position above the neutral 50 level.

Key Support Levels – $705 and $700.

Key Resistance Levels – $735 and $750.

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