In the cutthroat world of crypto, where coins are regularly mistaken for ill-tempered aquatic fowl, BNB is gallantly attempting to reclaim the $650 battlement. Some analysts, presumably with crystal balls and a robust sense of irony, believe a leaping-dolphin-style breakout toward $700 looms, possibly triggering the kind of price action that makes sensible accountants sweat profusely.
BNB Eyes $700, Because Obviously It Likes Drama
Friday saw BNB tumble to the $640 “support”. Note: support is what the price would call “that ledge I just fell off”. After a heroic bounce back over $600 last month, BNB has been dazzling everyone with sideways acrobatics between $630 and $690, as if it’s practicing for some checkered flag it thinks exists at $700.
May’s breakout acrobatics nearly grazed the mythical $700 resistance (for resistance, read: imaginary line where everyone shouts “Go no further!”), notching a four-month high of $697—close, but no celebratory cake. This zone once lofted BNB’s price to its $788 all-time high (ATH), before being thoroughly lost in that bone-rattling ride we called “early 2025”.
Now BNB stares determinedly at the same patch, hoping nobody notices how many times it circles the same track. Analyst Carl Runefelt, reporting live from The Moon Show—presumably somewhere with a better view—claims BNB is forming a descending triangle pattern, a shape widely loved by mathematicians and people who enjoy suspense. The coin’s price squeezes awkwardly between $635 support and $650 resistance, like a hedgehog trapped between two well-meaning but very large dogs.
Should BNB manage to break out bullishly—meaning “upwards,” for anyone who hasn’t had coffee—Runefelt reckons there’s a neat 10% sprint toward $700 in it. Because nothing says financial confidence quite like gently optimistic geometry.
If by sheer force of hope and hand-waving, BNB can actually maintain $700 as support, destiny (and several traders) suggest a new horizontal level awaits—presumably with confetti and balloons 🎈.
Elsewhere, famed vigilante-chartist Crypto Batman points out BNB is forming a multi-month ascending triangle, “holding strong” near an uptrend line. In plain English: not falling over yet. The $635-$640 support area, like the favorite coffee shop of a regular client, keeps seeing reassuring visits.
“Even with market uncertainty,” Batman says, “BNB is as clean as a wizard’s hat, still bouncing off support, now eyeing a dashing leap above $700”—perhaps off to $800 next, if it remembers to pack a parachute.
$800: Next Stop, or Just a Random Number With Aspirations?
Our caped analyst also sees a familiar echo of last year’s price action, with BNB demonstrating its love affair with “testing key zones before liftoff”. Keen observers might notice it’s indeed forming the same “base” it managed in Q3 2024, which is either a sign of great strength or stubbornness, depending on your caffeine intake.
Previously, a base around $460-$470 set the stage for a gloriously “explosive” few months—the sort of thing that turns heads and empties snack bowls at crypto parties. This time, BNB’s been loitering near $550 before “showing strength again”—almost like it’s assembling its courage before entering a particularly boisterous pub.
If the pattern repeats (and in finance, patterns are like buses: never there when you want them, three at once when you’re broke), then apparently patience equals profits. Batman notes that despite the customary April dips, BNB valiantly kept above its macro range, clinging to support like a barnacle with a dream.
Now BNB is consolidating in the mid-zone, which for non-chartists means it’s in that lull before the party playlist kicks in. Another run at $729 could be on the cards, with a possible 50% leap (or possibly a celebratory slide, who really knows?) if it clears that level.
The bullish crowd remains bullish (shocking, I know), as long as BNB stays above $490-$500, and champions the $600 mark as “solid support”—the sort of thing you’d want in both financial markets and a nice wooden chair.
At this very moment, BNB trades at $641—down 2.9% this week, which is less of a wipeout and more of a mild stumble you laugh off while hoping nobody noticed.
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2025-06-21 11:29