BNB Price is Strengthening, Will it Break the Next Resistance Level? (7/3/25)

Jakarta, Pintu News – The price of Binance Coin (BNB) has recovered from the support level of USD 550 (IDR 9,068,950) and is currently showing an upward trend. Currently, BNB is trading above USD 585 (IDR 9,655,365), with further upside potential towards the resistance level of USD 635 (IDR 10,471,015).

After forming a base above USD 550, the BNB price began to rise by breaking through the resistance levels of USD 565 (IDR 9,319,085) and USD 570 (IDR 9,401,885). This recovery even outperformed the price movements of Ethereum (ETH) and Bitcoin (BTC). Technical analysis shows that there is a bullish trend line with a support level at USD 600 (IDR 9,893,400), which could be a decisive factor in the short-term trend.

Upside Potential and Important Resistance Levels

Currently, BNB prices are facing resistance around USD 605 (IDR 9,976,200) to USD 606 (IDR 9,992,689). If it manages to break this level, the next target is at USD 616 (IDR 10,157,624), which is the 76.4% Fibonacci retracement area of the previous downward movement.

If the bullish movement continues, BNB has the potential to reach USD 635 (IDR 10,471,015). If the price manages to close above USD 634 (IDR 10,454,526), this could be a strong signal for a move towards USD 650 (IDR 10,717,850). In a stronger bullish scenario, the price could even test the USD 665 (IDR 10,964,685) level in the near future.

Also Read: The Burning of 20 Million SHIBs: Will Shiba Inu Prices Skyrocket? (7/3/25)

Possible Decline: What to Watch Out For?

However, if BNB fails to break the USD 606 level, then the price could experience a downward correction. Initial support is at USD 600, which also coincides with the bullish trend line. In the event of a downward breakout, the next support is at USD 595 (IDR 9,812,055).

The main support to watch is at USD 588 (IDR 9,698,532). If the price drops below this level, then BNB has the potential to experience further weakness towards USD 570. If selling pressure continues to increase, prices could fall to USD 565 or lower.

Conclusion

Currently, Binance Coin (BNB) is showing a strong recovery trend with the potential to break important resistance levels at USD 606 and USD 616. If it manages to break these levels, the price could head towards USD 635 or even USD 650 in the coming days. However, if it fails to cross resistance, the potential for a correction towards USD 588 or lower remains. Investors and traders are advised to pay attention to these support and resistance levels before making a decision.

Also Read: Litecoin (LTC) Hit a Record High, Will the Price Surge? (7/3/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. BNB Price Starts Fresh Increase Toward $600. Accessed March 7, 2025.
• Featured Image: Binance