bullish

Coin

<p>As the 5th biggest cryptocurrency in the market, BNB price is currently trading at $650, with a market cap of $93.69 billion. As it enters closer to the $100 billion market cap, the Binance coin has increased by 4.44% in 24 hours.</p>  
<p>With a new breakout rally in action, will the BNB price reach a new all-time high in 2024? Let’s find out in our latest Binance Coin price prediction.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-binance-coin-bnb-price-performance">Binance Coin (BNB) Price Performance</h2>  
<p>In the daily chart, the BNB price action shows a bullish recovery rally from the 100-day SMA, gaining momentum. The decendent recovery run has surpassed the $600 psychological barrier, and faces opposition from the 78.60% level at $658.&nbsp;</p>  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/12145319/image-193-1024x509.png" alt="BNB Price chart" class="wp-image-378769">
</figure>  
<p><a href="https://www.tradingview.com/x/R8wD38MP/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>  
<p>Currently, it is facing an intraday bull pack of 1.70%, following the 5.18% jump last night. Facing a short-term resistance from the 78.60% level, the uptrend rally could increase to $711 upon breakout.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-technical-indicators-support-breakout">Technical Indicators Support Breakout</h2>  
<p>The MACD indicator shows a positive trend with a surge of bullish histograms. Furthermore, the simple moving average lines in the daily chart reveal a golden crossover.&nbsp;</p>  
<p>Amid the recent recovery run, the 100-day SMA witnesses an uptick, increasing the chances of a positive crossover with the 200-day SMA.</p>  
<h2 class="wp-block-heading" id="h-will-bnb-price-cross-700">Will BNB Price Cross $700?</h2>  
<p>Beyond this, the Fibonacci-level spending price targets at 1.272 and 1.618 levels at $778 and $863, respectively. On the flip side, an intense pullback could retest the $600 psychological mark. This will provide a post-retest reversal and opportunity for price action traders.&nbsp;</p>  
<p>To understand the possibility of the BNB token reaching the $1,000 mark, read <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Binance (BNB) Price Prediction</a>!</p>  
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>  
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1731403414544"><strong class="schema-faq-question"><strong>What is the current price of BNB?</strong></strong>
  <p class="schema-faq-answer">Binance Coin is trading at $633 with a 5.95% intraday gain.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731403421394"><strong class="schema-faq-question"><strong>What are the immediate price targets for BNB?</strong></strong>
  <p class="schema-faq-answer">Next targets are $650, $798, and $924, with a long-term potential of hitting $1,000.</p>
 </div>
 <div class="schema-faq-section" id="faq-question-1731403421687"><strong class="schema-faq-question"><strong>What is the key support level for BNB?</strong></strong>
  <p class="schema-faq-answer">A crucial support lies at $600, which could act as a post-retest entry point.</p>
 </div>
</div>

BNB Price Analysis: Will Buyers Break $658 to Target $863?

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