- BNB faces resistance at $640, risking a pullback despite recent gains.
- Break above $640 targets $672, while failure could drop price to $570.
- Binance ecosystem growth supports bullish potential, but market volatility remains.
Binance Coin (BNB) is facing strong resistance at $640, experiencing a pullback despite recent gains. While the token has seen an 11.39% increase over the past week, market volatility raises concerns about a potential correction.
The key question remains: Will BNB rally toward $672, or is a drop to $570 more likely?
BNB’s Price Struggles Amid Resistance
After a strong recovery from recent lows, BNB’s price momentum appears to be losing steam at a critical supply zone. The latest pullback signals a battle between buyers and sellers, with market participants closely monitoring key support and resistance levels.
A failure to hold above $600 could increase selling pressure, while a breakout past $640 could confirm further upside potential.
Beyond price action, fundamental developments within the Binance ecosystem could play a role in BNB’s future trajectory. The network continues to expand, with growing adoption across various sectors.
Increasing transaction volumes and blockchain activity may fuel investor confidence, creating the potential for renewed bullish momentum.
For BNB to maintain upward momentum, a break above $640 would be necessary. If successful, the next target would be $672, with further potential to test higher resistance levels. On the downside, key supports lie near $600, with a deeper correction possibly extending to $570 if bearish pressure intensifies.
BNB’s price action remains at a crossroads, with network growth providing a strong foundation for potential upside. However, market conditions will ultimately determine whether the token can overcome resistance or experience a deeper retracement.
