BNB Price Analysis: $700 Resistance Break Could Trigger Next Bull Run
The post BNB Price Analysis: $700 Resistance Break Could Trigger Next Bull Run appeared on BitcoinEthereumNews.com.
TLDR: BNB forms a rally-base-rally pattern, signaling a potential bullish continuation. The ascending triangle shows resistance near $700, with price compression suggesting breakout risk. Daily trading volume holds near $628M, indicating sustained investor interest during consolidation. Binance’s Maxwell fork boosts network speed, improving sentiment around BNB utility. The price of Binance Coin (BNB) remains rangebound amid a broader market slowdown. Analysts are pointing to promising chart formations that could drive the next price rally. The market’s quiet period has created what experts call accumulation zones for major assets. BNB price action demonstrates classic technical patterns that historically precede upward movements. Experts note that these consolidation phases often mark the best entry points for strategic investors. Current trading data shows BNB maintaining stability around key support levels while building momentum for potential breakouts. Rally-Base-Rally Pattern Takes Shape for Binance Coin Technical analysis reveals BNB has completed what cryptocurrency analyst BATMAN describes as the foundation phase of a rally-base-rally formation. Not just $BNB, but the whole market is getting boring. That’s when most people walk away, but it’s usually the best time to buy. This is when “bases” are built.$BNB is a clear example of a simple price action theory: rally-base-rally. Buy the base, or you will miss the rally. pic.twitter.com/sS7G8NMPV7 — BATMAN (@CryptosBatman) June 4, 2025 This pattern typically unfolds in three distinct stages, beginning with an initial price surge followed by consolidation. The base formation period allows institutional and retail investors to accumulate positions at favorable prices. BATMAN emphasizes that market boredom during these phases creates optimal buying opportunities that most traders overlook. The descending trendline that previously acted as resistance has shown signs of weakening as buying pressure increases. Recent price data indicates BNB trades at $667.27 with daily volume reaching $628 million. While the token experienced minor declines…
Filed under: News - @ June 5, 2025 11:28 am