Binance Coin (BNB) is showing signs of a bullish trend, with analysts predicting a potential price surge of up to 150%. Crypto analyst Ali has highlighted that a weekly close above the key resistance level of $662 could act as a trigger for this upward movement.
According to Ali, breaking past this level could set BNB on a rocket ride to $1,630. “A weekly close above $662 could trigger the rally,” Ali explains, suggesting that this move would confirm a strong bullish trend for the coin.
In the past 24 hours, BNB’s price has climbed 1.31%, now sitting at $623.93. It’s been hovering in a range between $594.55 and $624.25 during this time. Though it’s still 13% from its all-time high of $720.67, hit just five months ago, the market mood feels different now.
Meanwhile, BNB has been in a consolidation phase for months, trading within a tight range that signals accumulation. Technical signals like the MACD are showing promise, with the MACD line crossing above the signal line—often seen as a sign of bullish momentum.
Additionally, the Chaikin Money Flow (CMF) indicator is ticking up at 0.12, hinting that traders are buying in anticipation of bigger things ahead.
This optimism isn’t just about BNB. Bitcoin just hit a new all-time high, blasting past $97,000, while Ethereum surged 7% to climb above $3,300.
In short, if Binance Coin maintains its trajectory and closes above $662, it could pave the way for sustained growth, with $1,630 as the next target.
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