{"id":7770,"date":"2025-05-09T06:00:31","date_gmt":"2025-05-09T06:00:31","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/bnb-price-targets-650-amid-renewed-market-optimism\/"},"modified":"2025-05-09T06:00:31","modified_gmt":"2025-05-09T06:00:31","slug":"bnb-price-targets-650-amid-renewed-market-optimism","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/bnb-price-targets-650-amid-renewed-market-optimism\/","title":{"rendered":"BNB Price Targets $650 Amid Renewed Market Optimism"},"content":{"rendered":"<p><em>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.<\/em><\/p>\n<ul>\n<li>BNB price is attempting to recover from the $600 support zone.<\/li>\n<li>The price is now trading above $612 and the 100-hourly simple moving average.<\/li>\n<li>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).<\/li>\n<li>The pair must stay above the $612 level to start another increase in the near term.<\/li>\n<\/ul>\n<h2>BNB Price Eyes More Gains<\/h2>\n<p>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.<\/p>\n<p>The bulls even pushed the price above the $625 level. A high was formed at $629 and the price is now consolidating gains above the 23.6% Fib retracement level of the recent wave from the $597 swing low to the $629 high.<\/p>\n<p>The price is now trading above $622 and the 100-hourly simple moving average. There is also a key bullish trend line forming with support near $622 on the hourly chart of the BNB\/USD pair.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-full wp-image-747548\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2025\/05\/Binance-Coin-BNB.png?resize=1024%2C478\" alt=\"BNB Price\" width=\"1024\" height=\"478\" loading=\"lazy\" \/><\/p>\n<p>On the upside, the price could face resistance near the $628 level. The next resistance sits near the $630 level. A clear move above the $630 zone could send the price higher. In the stated case, BNB price could test $642. A close above the $642 resistance might set the pace for a larger move toward the $650 resistance. Any more gains might call for a test of the $655 level in the near term.<\/p>\n<h2>Another Decline?<\/h2>\n<p>If BNB fails to clear the $630 resistance, it could start another decline. Initial support on the downside is near the $622 level. The next major support is near the $620 level.<\/p>\n<p>The main support sits at $612 and the 50% Fib retracement level of the recent wave from the $597 swing low to the $629 high. If there is a downside break below the $612 support, the price could drop toward the $605 support. Any more losses could initiate a larger decline toward the $600 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>Hourly MACD \u2013 The MACD for BNB\/USD is gaining pace in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BNB\/USD is currently above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $622 and $612.<\/p>\n<p>Major Resistance Levels \u2013 $630 and $642.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":7771,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[555,242,556,557,244,245],"class_list":["post-7770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bnb","tag-binance-coin","tag-bnb","tag-bnb-price","tag-bnbbtc","tag-bnbusd","tag-bnbusdt"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/7770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=7770"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/7770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/7771"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=7770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=7770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=7770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}