BNB Ready to Surge? Check out the Key Levels for the Next Breakout in April 2025!

Jakarta, Pintu News – After experiencing a decline to the $600 support zone, BNB prices are now showing signs of recovery. With steady movement above that level, BNB is starting to show potential for further gains. Like Ethereum and Bitcoin , BNB has managed to cross some significant resistance levels, signaling a possible price surge in the near future.

Recent Technical Analysis

BNB broke through resistance of $618 and $610, and recovered past the $625 level. This rise was also followed by a recovery above the 23.6% Fibonacci retracement level of the move down from $645 to $615. Currently, BNB prices are below $630 and the 100-hour simple moving average.

If BNB can break the $630 zone, this could be a strong bullish signal for further upside. There is a bearish trend line forming with resistance at $627 on the hourly chart of the BNB/USD pair. The next resistance lies near the $630 level or the 50% Fibonacci retracement level of the same downward movement. A clear break above the $630 zone could push the price towards $638, and if it manages to close above, it could open up opportunities towards the $650 resistance.

Also Read: Will Bitcoin (BTC) Break $90,000? Check out the Analysis!

Potential Barriers and Support

Despite the upside potential, BNB still faces some obstacles. The nearest resistance is at $628, and the bearish trend line that is forming could slow down the pace of the rise. If BNB fails to break the $630 resistance, the price may experience another decline. Initial support lies at $622, followed by primary support at $615.

Key support is at $600. In the event of a break below this support, BNB prices could drop towards $585. A further drop could trigger a major decline towards the $565 level, which would be a critical area for investors and market analysts to watch.

Technical Indicators and Future Projections

The hourly MACD (Moving Average Convergence Divergence) indicator for BNB/USD shows increasing momentum in the bullish zone. Meanwhile, the RSI (Relative Strength Index) is currently above the 50 level, which shows the relative strength of the buyers in the current market.

Key support levels are at $622 and $615, while key resistance levels are $628 and $630. Given the favorable technical indicators, as well as the ongoing price recovery, BNB may experience further upside if it can maintain this momentum. Investors and market analysts should continue to monitor these indicators to make informed investment decisions.

Conclusion: BNB Investment Opportunities

With the recovery taking place and the breakout potential present, BNB offers an attractive investment opportunity. However, it is important for investors to pay attention to the resistance and support levels that have been identified, as well as follow the development of technical indicators to make informed investment decisions. A rise in the price of BNB could provide significant profit opportunities, but downside risks should always be considered.

Also Read: Ethereum (ETH) Prepares for the Next Big Move, Will it Rise April 2025?

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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 Eyes $645. Accessed on March 28, 2025
• Featured Image: Generated by AI