BNB Price Targets $650 Amid Renewed Market Optimism

May 9, 2025 06:00 am Cryptocurrency 76
BNB Price Targets $650 Amid Renewed Market Optimism

BNB price is consolidating above the $605 support zone. The price is now showing positive signs and might aim for more gains in the near term.


  • BNB price is attempting to recover from the $600 support zone.

  • The price is now trading above $612 and the 100-hourly simple moving average.

  • There is a key bullish trend line forming with support near $622 on the hourly chart of the BNB/USD pair (data source from Binance).

  • The pair must stay above the $612 level to start another increase in the near term.

    • BNB Price Eyes More Gains


    After forming a base above the $600 level, BNB price started a fresh increase. There was a move above the $605 and $612 resistance levels, like Ethereum and Bitcoin.


    The bulls even pushed the price above the $625 level. A high was formed at $629 ..

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