{"id":626253,"date":"2025-02-13T10:17:18","date_gmt":"2025-02-13T10:17:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626253"},"modified":"2025-02-13T10:17:18","modified_gmt":"2025-02-13T10:17:18","slug":"is-it-too-late-to-buy-bnb-bnb-price-soars-13-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-bnb-bnb-price-soars-13-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy BNB? BNB Price Soars 13% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The BNB price soared 13% in the last 24 hours to trade at $716.98 as of 11:19 p.m. EST on trading volume that rose 106% to $3 billion.<\/span><\/p>\n

BNB Price Bullish Momentum Resurfaces After Major Rebound<\/h2>\n

The <\/span>BNB price<\/span> chart analysis shows<\/a> that the asset has displayed strong bullish momentum after a recent recovery from a key support level.<\/span><\/p>\n

Observing the price action, the chart shows that BNB had been trading within an ascending channel before experiencing a sharp decline, which briefly broke below the 200-day Simple Moving Average (SMA).<\/span><\/p>\n

However, the price of BNB found support around the $560 level and has since rebounded sharply back to the consolidation phase, reclaiming both the 200-day and 50-day SMAs, according to <\/span>GeckoTerminal<\/span><\/a> data. <\/span><\/p>\n

The Binance Coin price is currently trading slightly below the resistance zone around $733, which previously acted as a supply area where sellers emerged. A breakout above this level could signal further upside movement.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is currently at 65.36, nearing overbought territory but still below the critical 70 level. This suggests that while bullish momentum is strong, there is still room for further upward movement before reaching extreme levels.<\/span><\/p>\n

The blue Moving Average Convergence Divergence (MACD) line at12.27 has crossed above the orange signal line at -5.01, forming a bullish crossover. This confirms the growing upward momentum and aligns with the recent price surge. <\/span><\/p>\n

The MACD histogram also shows increasing bullish momentum, further supporting the possibility of a continued rally.<\/span><\/p>\n

\"BNB
BNB Price Chart Analysis. Source: GeckoTerminal<\/figcaption><\/figure>\n

Binance Coin Aims For A Continued Rally<\/h2>\n

Given the strong recovery above key support levels, the reclaiming of the 50-day and 200-day SMAs, and the bullish signals from the RSI and MACD, the BNB price is currently positioned for a potential breakout above $720.<\/span><\/p>\n

If this level is successfully breached, the next target would be around $760–$780, where previous resistance exists.<\/span><\/p>\n

However, if the Binance Coin price fails to hold above the $675 support level, a short-term pullback towards the $640–$650 range could occur before another attempt to push higher. <\/span><\/p>\n

The key level to watch is the $720 resistance, as a breakout would confirm a continuation of the bullish trend.<\/span><\/p>\n

In the meantime, investors are flocking to the presale for <\/span>Best Wallet (BEST)<\/span><\/a>, which popular YouTuber ClayBro, with over 136K subscribers, says is one of the best crypto wallets for 2025.<\/span><\/p>\n