BNB Price Faces One Key Barrier Before New All-Time High | Airdrop Alert Pro

BNB is trying to break through the $741 resistance, which is a key obstacle to reaching the all-time high (ATH) of $793.

Despite the altcoin’s continued efforts, broader market cues are curbing bullish momentum, causing BNB to get stuck in a tight range.

BNB investors are optimistic

Relative Strength Index (relative strength index) has been hovering near the neutral line for the past month, indicating market indecision. although BNB is shown While the bullish momentum is strong, it is not enough to drive prices significantly higher. The stagnation reflects weak sentiment influenced by broader market conditions.

The lack of strong bullish momentum leaves traders uncertain about BNB’s short-term direction. The stagnant RSI highlights that buying pressure is not strong, even though BNB is trading close to key resistance levels. Without stronger optimism across the market, BNB may face continued challenges in breaking through current price barriers.

The Chaikin Money Flow (CMF) indicator is trending upward, indicating increased capital inflows into BNB. This shows that investors remain optimistic about the asset’s potential breakout and are confident enough to continue pouring money into the cryptocurrency. Strong capital inflows could act as a catalyst for the upside.

Investor sentiment remains positive, with market participants bracing for a potential rebound. This confidence is evident in continued capital inflows, even as BNB struggles Breaking above $741. However, the impact of the broader market and mixed signals may delay the expected breakout, keeping BNB sideways.

BNB Price Prediction: Breakout

Current BNB It is trading at $700, about 14% from its peak. To achieve this milestone, the altcoin must break through the $741 resistance, which has proven to be a significant hurdle over the past month. A successful breakout could reignite the bullish momentum and push BNB towards the highest highs.

However, BNB may remain stuck below $741 due to mixed signals from technical indicators and broader market sentiment. The altcoin is likely to consolidate above the $686 support before stronger clues emerge. If market conditions remain stagnant, this consolidation phase may be extended further.

should BNB loss The key support at $686 could fall to $647 as it has done in the past. Any further decline would completely invalidate the bullish thesis, potentially pushing the altcoin as low as $619 and leaving investors wary of additional losses.