{"id":635983,"date":"2025-03-17T12:05:18","date_gmt":"2025-03-17T12:05:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=635983"},"modified":"2025-03-17T12:05:18","modified_gmt":"2025-03-17T12:05:18","slug":"bnb-price-prediction-bnb-climbs-4-as-binance-chain-dex-tops-solana-in-trading-volume-while-sol-layer-2-solaxy-nears-27m-in-presale","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/bnb-price-prediction-bnb-climbs-4-as-binance-chain-dex-tops-solana-in-trading-volume-while-sol-layer-2-solaxy-nears-27m-in-presale","title":{"rendered":"BNB Price Prediction: BNB Climbs 4% As Binance Chain DEX Tops Solana In Trading Volume, While SOL Layer 2 Solaxy Nears $27M In Presale"},"content":{"rendered":"

The BNB price pumped 4% in the last 24 hours to trade at $632.79 as of 4:02 a.m. EST on trading volume that surged 20% to $1.2 billion.<\/span><\/p>\n

This increase in the Binance Coin price comes as BNB Chain’s daily trading volume climbed to $1.64 billion in the last 1 week, an all-time high, rising 13%.<\/span><\/p>\n

In contrast, Solana decentralized exchange (DEX) volume saw a 28% drop, and Ethereum DEX activity declined 12%, according to <\/span>DefiLlama<\/span><\/a> data. <\/span><\/p>\n

Binance Coin Price Bullish Breakout Confirmed With More Upside Potential<\/h2>\n

The <\/span>BNB price<\/span><\/a> has recently broken out of a descending wedge formation, signaling a strong bullish move.<\/span><\/p>\n

The 50 Simple Moving Average (SMA) on the 4-hour chart is at $577.64. It was previously acting as resistance but has now turned into strong support. <\/span><\/p>\n

Meanwhile, the 200 SMA is at $617.41. BNB breaching this level confirms the bullish momentum, according to <\/span>GeckoTerminal<\/span><\/a> data.  Additionally, a<\/span> sustained hold above this level strengthens the case for continued upside.<\/span><\/p>\n

Meanwhile, the Relative Strength Index (RSI) is at 70.72, entering overbought territory. This suggests strong bullish momentum but also a possibility of a short-term correction or consolidation before further gains.<\/span><\/p>\n

The Moving Average Convergence Divergence (MACD) is also in positive territory, with the blue MACD line crossing over the orange signal line, indicating that the Binance Coin price is still in positive territory.<\/span><\/p>\n

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

BNB Is Targeting $700<\/h2>\n

With the BNB price breaking out of a descending wedge and confirming a bullish reversal pattern. A measured target for this breakout suggests a move toward the $675-$700 range, representing a 7.78% increase from current levels.<\/span><\/p>\n

However, the RSI in overbought territory suggests that a minor pullback or consolidation may occur before the next leg up. A strong support level is $617, followed by $577 if a deeper correction occurs.<\/span><\/p>\n

Meanwhile, investors are buying a new Solana meme coin called <\/span>Solaxy (SOLX)<\/span><\/a>, which popular YouTube channel 99Bitcoins, with over 725K subscribers, says has the potential to soar 100X post-launch.<\/span><\/p>\n