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The BNB price rose 2% in the last 24 hours to trade at $668.83 as of 12:11 a.m. EST on trading volume that rose 44% to $1.1 billion.
This comes as Changpeng Zhao (CZ), former Binance CEO, said in a tweet that he is hoping to see more AI agent development on-chain with real use cases.
Previously, some community users analyzed CZ’s tweet and stated that CZ was preparing to promote an AI agent token on BSC.
Not trying to push any specific AI agent tokens. But want to see more AI agent development on chain, with real use cases. Real development often happen AFTER the hype has passed. https://t.co/tS92LxsED4
— CZ 🔶 BNB (@cz_binance) February 16, 2025
Binance Token Price Testing Resistance
The BNB price daily chart exhibits dynamic price action over the past year. The Binance token price has been oscillating within a clear ascending channel (marked in green), reflecting a broader bullish trend.
However, recent price action shows a significant breakdown below this channel, followed by a sharp recovery.
The price of BNB tested the support zone around $550, which coincides with the lower boundary of the channel and the 200-day moving average (MA). This level acted as a strong support, prompting a bounce back above the $650 region, according to data from GeckoTerminal.
Currently, BNB is facing resistance near the $675 level, where it also encounters the 50-day MA. The horizontal resistance at around $736 remains a critical level that the bulls must breach to resume the uptrend.
The current price of the Binance token is attempting to stabilize within the highlighted purple support zone around $650, indicating a potential consolidation phase before the next big move.
Meanwhile, the Relative Strength Index (RSI) is at 54.15, hovering near the neutral zone. This indicates that BNB is neither overbought nor oversold, suggesting a balanced market. However, the RSI is trending upwards from recent lows, hinting at increasing bullish momentum.
The Moving Average Convergence Divergence (MACD) line (blue) is currently above the signal line (orange), which is generally considered a bullish signal.
BNB Price Prediction
According to the current technical analysis on the 1-day timeframe, BNB appears to be at a pivotal moment. The price of BNB is battling to stay above the 200-day MA while facing resistance at the 50-day MA.
If BNB manages to break above the $675 resistance and sustain above the 50-day MA, the next target would be the $700-$720 range, with a potential retest of the $760 resistance.
A successful breakout above $760 could propel the price towards $800 and beyond, resuming the long-term bullish trend.
Failure to breach the $675 resistance might result in the Binance token price consolidating between $650 and $675. A drop below $650 could see BNB retesting the $600-$615 support area (200-day MA), and further bearish pressure could push it towards the $550 region.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND), which 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says has the potential to become the best AI agent token of 2025.
MIND Of Pepe Passes $6M Milestone In Trending Crypto Presale
MIND of Pepe, a new project that combines AI-powered insights with meme vibes, is now racing toward the $7 million mark in its presale.
Investors are hyped – convinced this could be the next AI crypto to explode. MIND of Pepe takes the familiar face of Pepe the Frog and combines it with cutting-edge artificial intelligence.
This AI model tirelessly scans social platforms for emerging crypto trends, gauges social media sentiment, and monitors price movements to identify opportunities before they hit the mainstream.
Master of Elements. $MIND pic.twitter.com/ElyoXiLfNh
— MIND of Pepe (@MINDofPepe) February 16, 2025
MIND of Pepe’s AI agent goes beyond passive observation; it also actively interacts with key individuals, platforms, and communities shaping the market, delivering its insights directly to MIND holders through token-gated groups.
Currently, MIND tokens are priced at $0.0033454 and can be bought with either crypto or bank card via the easy-to-use widget embedded on the project’s website. MIND holders also have the opportunity to stake their tokens for a stratospheric 357% annual percentage yield (APY).
Interested investors should buy MIND before a presale price hike in 39 hours.
Buy MIND tokens on the project’s official website here.
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