Binance Coin (BNB) Technical Analysis on July 11, 2025: Trends and Key Levels

Technical analysis of BNB on July 11, 2025, covering resistance/support levels, indicators, and market trends.

The technical analysis of Binance Coin (BNB) on July 11, 2025, indicates a short-term bullish trend with signs of potential consolidation. The current price of BNB is around $682.5, reflecting a 1.88% increase over the past 24 hours. This upward movement aligns with rising trading volume and positive momentum in the altcoin market, particularly following Bitcoin’s recent growth. The 4-hour chart shows BNB forming a bullish flag pattern, which typically leads to a continuation of the upward trend. Key resistance lies between $710 and $720, a significant zone due to multiple past price rejections and accumulated sell orders. A breakout above this resistance could push BNB toward the next target at $800. Conversely, key support levels are located around $650–$660 and $625, which could serve as potential reversal points. Technical indicators provide valuable insights. The RSI is currently around 62, indicating moderate bullish momentum but not yet in overbought territory (above 70). This suggests BNB has room for further growth, though traders should watch for waning momentum. The MACD shows a bullish crossover, confirming short-term upward momentum, but a narrowing gap between MACD lines could signal impending consolidation. Price patterns play a crucial role in the analysis. The 4-hour chart displays an inverse head and shoulders pattern, recently confirmed at $650, indicating buyer strength. However, a recent fakeout at $710 suggests high liquidity in this zone, potentially trapping traders. For traders, waiting for confirmation of reversal patterns, such as bullish engulfing candles or pin bars at support levels, offers a safer strategy. Trading volume reflects growing demand, consistent with inflows to the Binance exchange and its ecosystem growth. However, the recent transfer of significant BNB amounts to institutional wallets could indicate preparation for distribution or liquidity for large trades, warranting close monitoring. Overall, BNB is in a short-term bullish phase, but traders should focus on key resistance and support levels. A prudent strategy involves waiting for confirmation of a breakout above $720 or a bounce from $650 support. Based on current data, a short-term bullish trend is likely, but consolidation or a pullback to $650 is also plausible.