BNB pushed above the $680 resistance level over the past 24 hours, trading near $683 at the time of writing with a weekly gain of nearly 7%. The move came as buying strength returned across major crypto assets and broader market sentiment improved after earlier pressure tied to inflation-driven risk-off trading.
Traders also tracked fresh liquidity moving back into large-cap tokens. With Bitcoin holding relatively steady, capital rotated into major altcoins, including BNB, while spot buying picked up and derivatives sentiment showed signs of recovery.
BNB Moves Back Above the 100-Day EMA
The technical picture has firmed up. BNB is now trading above its 100-day exponential moving average and is testing the upper boundary of its horizontal channel, while the 200-day EMA is viewed as the next resistance area.
During intraday swings, market participants noted steady accumulation that helped keep price action stable. Momentum readings also pointed to continued short-term participation, with traders defending the breakout zone and watching liquidity clusters around former resistance levels that may now act as support on pullbacks.
Holding $680 Keeps the Focus on $700
If BNB can stay above $680, the current bullish structure remains intact and keeps attention on the $700 level. The source also points to a wider upside range of $800 to $940 if crypto sentiment keeps improving and supportive trends in Bitcoin, Ethereum, and XRP remain in place.
That longer-range view is tied to rising ETF inflows and stronger activity across the Binance ecosystem. Expansion in Binance-related products and increased on-chain activity were also cited as factors supporting the broader valuation outlook.
Support Levels at $630 and $600 Stay in View
The downside setup is also clear. If BNB is rejected at current levels and falls below $630, sellers could expose the $600 demand zone. Below that, prior lows near $570 remain relevant inside the broader trading range.
The Relative Strength Index near 69 signals strong momentum, though it also keeps short-term volatility in focus. Analysts are still monitoring volatility clusters formed during the breakout phase, along with order-book depth on major exchanges, as volumes shift across spot and derivatives markets this week.